MOIL on Friday announced the closure of its joint venture company (JVC), SAIL & MOIL Ferro Alloys (SMFAPL).
SMFAPL was formed in 2008 under 50:50 joint venture (JV) with Steel Authority of India (SAIL). The objective of the JV was to set up ferro alloys/manganese plant at Nandini, Bhilai, Chattisgarh. Due to reasons including increase in power cost, the operations are not expected to be viable. Hence, the operations were -not started in SMF APL and as such it has been a dormant company since its incorporation in 2008, the company said.
It added that since the objective of the JV could not be attained, it has been decided to close SMFAPL. Accordingly, the board of directors and the shareholders of SMFAPL have decided to strike off the name of SMFAPL from register of Registrar of Companies under the provisions of section 248 of the Companies Act, 2013.
MOIL announced that the company has two Joint Venture Companies (JV) namely SAIL&MOIL Ferro Alloys (SMFAPL) and RINMOIL Ferro Alloys (RMFAPL).
SMFAPL was formed in 2008 under 50:50 Joint Venture with Steel Authority of India (SAIL). The objective of the JV was to set up Ferro Alloys / Manganese plant at Nandini, Bhilai (C. G.).
Due to reasons including increase in power cost, the operations are not expected to be viable.
Hence, the operations were not started in SMFAPL and as such it has been a dormant
company since its incorporation in 2008.
Since the objective of the JV could not be attainted, it has been decided to close the JVC
At meeting held on 16 February 2021The Board of Schaeffler India at its meeting held on 16 February 2021 has approved shifting of registered office from
jurisdiction of Registrar of Companies, Mumbai to Registrar of
Companies, Pune within the State of Maharashtra, subject to the
approval of the Shareholders at the ensuing Annual General Meeting
and Statutory Authorities.
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Richmond Electoral Board votes to remove cityâs general registrar
Richmond Electoral Board votes to remove cityâs general registrar By NBC12 Newsroom | February 1, 2021 at 10:59 PM EST - Updated February 1 at 11:18 PM
RICHMOND, Va. (WWBT) - The Richmond Electoral Board voted to remove the cityâs top election official on Monday.
Councilman Mike Jones says the board voted to remove Richmondâs General Registrar Kirk Showalter during a meeting.
This follows the Democratic Party of Virginia, Richmond City Democratic Committee and now Richmond Mayor Levar Stoney calling for Showalterâs resignation in November.
In November, officials with the Democratic Party of Virginia and Richmond City Democratic Committee sent a letter to Showalter and the Richmond Electoral Board calling for change at the registrarâs office.