( 1 ) RULE. Mr. P. M. Dave for respondent No. 1, Ms. Davawala for respondent No. 2 waive service of rule. With the consent of learned advocates for the parties matter is taken up for final hearing.

( 2 ) ). THE present petition is filed by the petitioner against the order dated 26. 9. 2000 passed by the Regional Director, Western Region, Ministry of Law, Justice and Company Affairs, Bombay, Govt. of India, the respondent No. 2 herein.

( 3 ) ). HEARD Mr. A. L. Shah for the petitioner, Mr. P. M. Dave for the respondent No. 2 and Ms. Davawala for respondent No. 2.

( 4 ) ). MR. SHAH for the petitioner submits that the powers under section 22 of the Companies Act, 1956 (hereinafter referred to as "the Act") are in the nature of quasi judicial powers and therefore it is obligatory on the part of the respondent No. 2 to record the reasons for passing the final order. Mr. Dave for the respondent No. 2 submits that the order speaks for itself and, in his submission, it is true that upon the representation made by the respondent No. 1 the order has been passed. Ms. Davawala for respondent No. 2 has supported the order.

( 5 ) ). CONSIDERING the facts and circumstances of the c