IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No 13418 of 2009 Navin Kumar Singh, son of Yugal Kishore Singh, resident of Village – Tangaul, P O & P S – Hajipur Town, District – Vaishali, at present, Managing Director of M/s Junasis Developers and Exporters Pvt Ltd Having registered office at Umesh Cinema Road, Hajipur, Bihar - Petitioner Versus 1 The Union of India through Secretary, Ministry of Corporate Affairs, ‘A’ Wing, Shastri Bhawan, New Delhi 2 The Regional Director, Eastern Region, Ministry of Corporate Affairs, Nizam Palace, II MSO Building, Third Floor, 234/4, AJC Bose Road, Kolkata 3 The Registrar of Companies, Bihar and Jharkhand, Maurya Lok Complex, Block ‘A’ Western Wing, 4th Floor, Dak Bunglow Road, Patna – 800 001, Bihar 4 Sunil Kumar, Director, M/s Junasis Developers and Exporters Private Limited, son of late Ramdeo Singh, resident of village – Dighi Kala, P O – Hajipur Sadar, District – Vaishali, Bihar 5 Akhowri Raghavednra, Director, M/s Junasis Developers and Exporters Private Limited, son of late Vishwanath Sahay Verma, resident of village – Manua, P O – Ismailpur, P S – Hajipur Sadar, District – Vaishali, Bihar 6 Sunil Kumar Singh, Driector, Director, M/s Junasis Developers and Exporters Private Limited, son of late Mahesh Singh, resident of village – Saidpur, Rajouli, P S – Hajipur Sadar, District – Vaishali, Bihar 7 Arvind Kumar Singh, Director, M/s Junasis Developers and Exporters Private Limited, son of late Ram Bilas Singh, resident of Village – Saidpur, Rajouli, P S – Hajipur Sadar, District – Vaishali, Bihar 8 Uday Kumar, Director, M/s Junasis Developers and Exporters Private Limited, son of Yogendra Prasad, resident of village – Shahpur, Diyara, P O – Pahlaza, Banka, P S – Sonepur, District – Saran, Bihar 9 Mohammad Sharif, Director, M/s Junasis Developers and Exporters Private Limited, son of Mohammad Naiyar, resident of Village – Majhaull, P O – Shahpur, District – Saran, Bihar - Respondents *** For the petitioner : Ms Parul Ranjan, Advocate For the Union of India : Mr Gopesh Kr, CGC *** 3 26.10.2009 The petitioner professes to be one of the Directors of M/s Junasis Developers and Exporters Private Limited, a Private Limited Company incorporated under the provisions of the Companies Act at Patna having its registered office and place of business at Hajipur. - 2 - Petitioner alleges that he had paid for and was to be allotted 4000 ordinary equity shares out of share capital of 5000 shares. He had made payment thereof in addition to 200 shares which he was allotted as a founder Director. It is alleged that the Management did not issue the share certificates to him instead, after 2 years, has purported to issue the same in favour of other persons who had ceased to be the Directors and had resigned from the Company. In my view, these are disputes which have to be resolved by authorities under the Companies Act itself. There is adequate provision in this regard, inter alia, under Section 234 of the Companies Act as also, inter alia, in Chapter VI of the Companies Act. The petitioner would be well advised to avail of those statutory remedies on establishing facts, as alleged. The appropriate authorities, on such an application, would consider the same in accordance with law and take expeditious steps in the matter. With these observations, this writ petition stands disposed of. M.E.H./ (Navaniti Prasad Singh)