Friday, January 22, 2021

Section 124 of Cos. Act is constitutionally valid as it doesn't allow Cos to enrich if depositor fails to stake claim

COMPANY LAW : Section 124 has been enacted to ensure that a company does not unjustifiably and unduly enrich themselves, when depositors have failed to stake claim; it is a worthy and meritorious legislation which is on whole beneficial and advantageous and in public interest; section 124 is constitutionally valid

from www.taxmann.com Latest Case Laws https://ift.tt/3sPUkv1
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