IN RE Vs. KAY INTERNATIONAL LIMITED

JUDGEMENT

(1.) The above petition has been filed by the Petitioner Company seeking grant for the following reliefs:-

(2.) It is seen that the petition has been filed under the provisions of Section 14 (1) of the Companies Act, 2013. Perusal of the petition discloses the following facts in relation to the compliance with the provisions of Companies Act, 2013 and Rule 68 of National Company Law Tribunal Rules, 2016 ( hereinafter referred as NCLT Rules) :

(3.) At the time of hearing, the authorized representative appearing for the petitioner pointed out that the petition has been sworn to and verified by way of individual affidavits by 2 Directors of the Petitioner Company. In support of the holding of the Board Meeting and the General Meeting approving the conversion of the Petitioner Company from Public to Private and also to establish the fact as to the persons who attended the respective meetings, it is pointed out by the authorized representative that minutes of the said meetings have been annexed along with the Petition in relation to shareholders and by way of separate filing vide Diary No.3878 dated 30.10.2017 of the Board of Directors along with attendance sheet. The Registrar of Companies it is represented have also been intimated in Form MGT-14 about the passing of Special Resolution for conversion as contemplated in the petition on 25.04.2017.