Report No. 143
Annexure 'I'
Himachal Pradesh Agro-Industries Corporation Limited
Phones:
Managing Director Office: 2663
Res.: 2971
Executive Officer Office: 3621
Res. 5073
(A Government Undertaking)
(Regd. Office: Sadig Ram Bhavan,
Shimla-171 002)
Grams: "Himagro"
Shimla-2
(H.P.)
Dated 14-5-1990
Ref.: AIC Accounts/2438
To,
The Joint Secretary & Law Officer,
Law Commission of India,
Ministry of Law & Justice,
Shastri Bhavan,
7th Floor, 'A' Wing,
New Delhi-110001.
Your Reference: 6(3)(4)/88 L.C.(LS) Dated April 16, 1990, Regarding Company Deposits.
Dear Sir,
With reference to your above sighted letter, we wish to inform you as under:
1. No of depositors and total amount involved where the deposits have remained unrefunded for a period of exceeding sixty days commencing from the date of maturity, separately in respect of (a) deposits of less than Rs. 11,000, and (b) deposits of more than Rs. 11,000.
Lists are placed below Deposits of more than Rs. 11,000
Number of Depositors
22
Principal Amount
22 Rs. 5,80,000
Deposits less than Rs. 11,000
126
Rs. 6,70,000
2. Reason(s) for the deposits remaining unrefunded:
1. The Board of Directors decided not to renew the fixed Deposits on Maturity w.e.f. 1-4-1987.
2. Non-availability of funds.
3. Increase in losses.
4. Number of cases pending in Courts/Company Law Board for the refund of the outstanding amount and the total amount involved in such cases.
The details may please be asked for from Company Law Board.
Thanking you.
Yours faithfully,
(Sd./-)
(Executive Officer)
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