Judgement

RAO, J. :- This is an application under S. 281, Indian Companies Act of 1913 corresponding to S. 633 of the new Companies Act, that is, Act 1 of 1956, which has come into force on 1-4-56.

2. The petitioners are the Orissa Jute and Cotton Mills Ltd., a company incorporated in the State of Orissa with its registered office at Cantonment Road, Cuttack and Messrs. Madanla Jajodia, Sohanlal Jajodia, Bhagabati Prasad Khaitan and Radhakrishna Bala as its directors.

3. The Orissa Jute and Cotton Mills limited Company was incorporated under the Indian Companies Act on 27-11-46 and a certificate for commencement of business was issued in its favour On 19-8-49. The registered office of the company which was originally situated at Bakharabad was shifted to 14, Cantonment Road, Cuttack, and it was duly intimated to the Registrar, Joint Stock Companies on 4-10-49.

Sri Madanlal was in charge of the management of the assets of the company, but the accountant of the company who was in charge of all the accounts died in November, 1952, after a protracted illness and consequently the company could not hold its annual general meetings in the years 1952 and 1953, as required under S. 76(1), India