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sharmila (n/a)     26 August 2007

Companies Act

Dear members,

What is the procedure of filing an application for non-payment of matured deposits by a company (NBFC & non-NB FC)  before the Company Law Board?



 4 Replies

Shambasiv (n/a)     26 August 2007


[color=#000000]1) Form No. 4 prescribed under the Company Law Board Regulations, 1991 is to be filed in duplicate alongwith photocopy of Fixed Deposit Receipt issued by the company with the Company Law Board Benches at New Delhi/Mumbai / Chenna/Kolkata.[/color]
[color=darkred][/color] [color=darkred][color=#000000]2) A demand draft of Rs. 50/- duly drawn in favour of ΓÇ£The Pay & Accounts Officer, Department of Company AffairsΓÇ¥ payable at New Delhi/Mumbai / Kolkata / Chennai as the case may be attached with the above said form No. 4.[/color]

[color=#000000]3) Separate Form No. 4 along with demand draft of Rs. 50/- is to be filed by each depositors.[/color]

[color=#000000]4) If a depositor has more than one deposit in his/her name in one company only one form No. 4 is required.[/color]

[color=#000000]5) Jurisdiction of Bench is according to the situation of the registered office of the company and cases will be entertained by Regional Bench in respect of company whose registered office is situate[/color]




sharmila (n/a)     26 August 2007

What is the the area of jurisdction of each regional bench of CLB?

Shambasiv (n/a)     26 August 2007

A. Eastern Region, Company Law Board, 9, Old Post Office Street, Kolkata:

States of Arunachal Pradesh, Assam, Bihar, Manipur, Meghalaya, Nagaland, Orissa, Sikkim, Tripura, West Bengal and Union Territories of Andaman and Nicobar Island and Mizoram.

B. Northern Region, Company Law Board, 5[suP]th[/suP] Floor, ΓÇÿAΓÇÖ Wing,Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-110001:

States of Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Rajasthan, Uttar Pradesh and Union Territories of Delhi and Chandigarh

C. Southern Region/Addl. Principal Bench Company Law Board, Shastri Bhawan, Block-1, 26, Haddows Road, Chennai:

States of Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Union Territories of  Pondecherry and Lakshadweep Island.

D. Western Region. Company Law Board, NTC House, N.M.  Marg Ballard Estate, Mumbai:

States of Goa, Gujrat, Madhya Pradesh, Maharashtra and [Union Territories of Dadra and Nagar Haveli and Damman and Diu]

sharmila (n/a)     26 August 2007

[font=arial]Thanks Mr.Shambasiv. Vital Information for all. However, I also want to know what action can be taken against the company in case it fails to obey the order of CLB[/font]

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