Indian Sugar  July 1953
Coherent Identifier 20.500.12592/dckf98

Indian Sugar July 1953

1953

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Summary

Accumulation of Molasses Stock in Bihar The Bihar Branch of the Indian Sugar Mills Assocition has drawn the attention of the Bihar Government to the serious situation with regard to the accumulation of stocks of molasses in the factories. [...] And in cases where the managing agent and his partners hold a majority of the company's shares the position as a result of the amendment would be that the minority of shareholders would be having their nominees to the extent of two-thirds of the Board concerned. [...] 199 of the Committee's report on lines somewhat similar to those contained in S.210 of the English Companies Act 1948 the case for rendering nugatory the rights of the majority and reducing them to the position of a minority on the Board needs further examination though the Company Law Committee have stated that "the reform of the Directorate is the key to the reform of Company Law" and that [...] 102 of the Committee's report clause (a) of S.86-H of the Act is to be amended so as to prohibit directors from selling leasing or otherwise disposing of the whole or substantally the whole of the undertaking of the company. [...] The reason advanced by the Committee for this amenment is given as follows: "The object of our recommendtion is to prevent the directors without the consent of the general body of the shareholders from leasing out an undertaking to some other persons when the company is formed clearly for the purpose of working the undertaing and not for transferring the responsibility for its worin

Pages
50
SARF Document ID
sarf.120241
Published in
India
Title Pages Author/Editor
Editorial 141-142 J. S. Mehta

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Notes 143-148 J. S. Mehta

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Company Law Amendment 149-154 J. S. Mehta

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Sugarcane & its Problems 155-160 K.L. Khanna, A.S. Chacravarti, D.P. Srivastava

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Sugar Abroad 161-162 J. S. Mehta

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Sugar Confectionery 163-167 J. S. Mehta

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Labour 168-172 J. S. Mehta

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Letter to the Editor 173-ii J. S. Mehta

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Book Review 174-174 J. S. Mehta

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Company Affairs 175-175 J. S. Mehta

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Statistics 176-185 J. S. Mehta

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Backmatter 186-186 J. S. Mehta

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commerce industry

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