This is not the only instance. All the most of the Companies do. If we go and peep in the many companies which is run and managed privately , managment do not send Accounts for years together !!!How the postage charges are debited to accounts ? R O C do not care to see . Even Sebi also the same !!! There are many companies who do not send the accounts and notices for years together. One Company Named Baroda Crystal Glasses Limited , Baroda Company , did issue shares privately some 1940 or so. Since then nothing Notices , E G M ., A G M Notices , Accounts sent to shareholder!!!! This has been notified to R O C Gujarat . No action so far!!! Many companies have been gone to liquidation for years together!! Had ever any O L submitted the accounts to shareholders ever? We are taught Liquidators account!! What is the use?
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