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Assistant Registrar of Companies summons directors of Usha Martin u/s 206 of Companies Act

Steel News - Published on Thu, 10 Jan 2019

Image Source: Realty Plus Magazine
Press Trust of India reported that the Assistant Registrar of Companies under the Ministry of Corporate Affairs has issued summons to the directors and officers of Usha Martin Limited which had sold its steel business to Tata Steel. The summons, issued under section 207(3) of the Companies Act, 2013 on Monday, asked the directors and officers of the company to appear personally before the Assistant Registrar of Companies (West Bengal) on Friday. According to the summons, notices were issued u/s 206 of Companies Act in respect of Usha Martin, and an inquiry was instructed to be conducted corresponding to the complaints of Basant Kumar Jhawar against the company.

The directors and officers who have been summoned were Prashant Jhawar, Rajeev Jhawar, Brij Kishore Jhawar, Basant Kumar Jhawar, G N Bajpai and Partha Sarathi Bhattacharya among others.

The ministry had asked for all the minute books of the board meeting and annual general meetings relating to the issues mentioned in the complaints for the last five years.

Source :

Posted By : Joykumar Irom on Thu, 10 Jan 2019
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