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Thursday, January 10, 2008

If the company is dissatisfied with the objection raised by the Company Law Board

If the company is dissatisfied with the objection raised by the Company Law Board, it may, within 30 days of the receipt of the notice of the objection, prefer an appeal to the Court in the prescribed manner and on payment of the prescribed fee.

The decision of the Court on such appeal shall be final and binding on the CLB

and on the company.

The aforesaid provisions of Section 635-B are without prejudice to the provisions

of any law for the time being in force.

inspector for the purpose, the Central Government or the CLB, as the case may be, may require any person whom it has reasonable cause to believe:

(n) to be, or to have been interested in those shares or debentures; or

(b) to act, or to have acted, in relation to those shares or debentures, as the legal

adviser or agent of someone interested therein; to give the Central Government or the Company Law Board, as the case may be, any information which he has, or can reasonably be expected to obtain, as to the present and past interests in those shares or debentures, and the names and addresses of the persons interested and of any person who acts or have acted on their behalf in relation to the shares or debentures