LAWS(NCLT)-2017-8-487

IN RE Vs. AQUAGEL CHEMICALS (BHAVNAGAR) PVT LTD

Decided On August 08, 2017
IN RE Appellant
V/S
AQUAGEL CHEMICALS (BHAVNAGAR) PVT LTD Respondents

JUDGEMENT

(1.) Aquagel Chemicals (Bhavnagar) Private Limited, a company incorporated under the Companies Act, 1956 and having its registered office at Village Vartej, Bhavnagar, Gujarat, has filed this petition under Section 66 of the Companies Act, 2013 for confirming the reduction of share capital.

(2.) The facts, in brief, that are necessary for the disposal of this petition are as follows:-

(3.) The main object of the petitioner, as set out in clause III of the Memorandum of Association of the company, is as follows:-