Inspection Under Sec 235 of Companies Act
Priyanka
(Querist) 23 June 2009
This query is : Resolved
Dear Experts,
Our Company has recd a Summon under Sec 235 of the Co Act, 1956, in relation to one of our customer. The transactions between our Co and the customer already took place and we stopped dealing with them, since 2005.
But even then, we have recd a summon from CG , wherein our MD is asked to personnally go to SFIO-Delhi.
Please advice, as regards what is to be done in this matter.
Awaiting your reply.
A V Vishal
(Expert) 23 June 2009
Dear Priyanka,
I have something interesting please do read and then I shall answer your query.
http://www.icai.org/resource_file/11670p329-334.pdf
Manish Singh
(Expert) 23 June 2009
the query purports that you were given an oppurtunity to prove yourself authentic by the registrar u/s 234 but u failed to do so. nw there must be a strong reason for the central govt to act furher to investigate the affairs. if your company's actions are lawful, u need not worry.
Priyanka
(Querist) 24 June 2009
Mr Manish,
Actually, we had recd several queires from the Dept, to which we had always given proper replies. Since it is in connection with our customer, we had provided the Dept with all the necessary details of the transaction that took place between us.
Should we directly approach the Customer, to whom the notice has been served, to find out, as to wat the matter is, since we were just supplying them , our products.
Awaiting your reply.
Priyanka
(Querist) 24 June 2009
Mr Vishal,
Well, I have gone through the text of the Link.
Could u please tell me, as
to wat further steps we need to take in this matter.
Thanks in advance
Regards
Priyanka
Manish Singh
(Expert) 24 June 2009
it shall not be worthy to go to your customer since now he has nothing to with the mattter.
f you are not told of the reasons which go against your company's plicies, then you must communicate with the registrar to know the reaons. you are now bound to follow the instructions of the govt.
