cover image: Indian Sugar  July 1953

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Indian Sugar July 1953

1953

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
commerce industry
Pages
50
Published in
India
SARF Document ID
sarf.120241
Segment Pages Author Actions
Editorial
141-142 J. S. Mehta view
Notes
143-148 J. S. Mehta view
Company Law Amendment
149-154 J. S. Mehta view
Sugarcane & its Problems
155-160 K.L. Khanna, A.S. Chacravarti, D.P. Srivastava view
Sugar Abroad
161-162 J. S. Mehta view
Sugar Confectionery
163-167 J. S. Mehta view
Labour
168-172 J. S. Mehta view
Letter to the Editor
173-ii J. S. Mehta view
Book Review
174-174 J. S. Mehta view
Company Affairs
175-175 J. S. Mehta view
Statistics
176-185 J. S. Mehta view
Backmatter
186-186 J. S. Mehta view

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