The Odisha (Non-Trading) Companies Act, 1959

The Orissa (Non-Trading) Companies Act, 1959

Act 5 of 1960

Keyword(s): Company, Non Trading Company

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'ITH3E ORZSSA (iUON-TRAZ"NG) COMPANIES A G , ym'l

[Received the assent of the Governoron the 20th J w a r ~ ,

1960,first published in an extraordinary issue

of the Orissa Gazette, dated the 3rd

February f9601

AN ACT RELATINO TO, C O M P M WHICH ARB

,,

. NON-TRADING.CORP0vTIONS.

WHEREAS it is expedient to provide for the registration of non-trading wrporations with object contined to the State of Orissa in the manner hereinafterappearing ;

It ishereby enactedbytheLegislatureoftheState of Orissa in the Tenth Yeat ofthe Republic of India as follows :-

I

!

1. (1) This Act XULY h called the Orissa (Non.-shoniitl*

Tradingl Companies Act, 1959. extentc~maan~band

m t .

(2)It extendstothe wholeof the Stateof Orissa.

1. (3) This Act shall be deemed to have mme into forceonthe 1stday ofApril.1956.
   • (Q) lit shall apply to a company as defined in ststion 2 ofthis Act.

In this Act "a company" means a company formed and registered under this Act or an existing company formed and registered under any of the previous company laws specified in clause (ii) of sub-section (1) of section 3 of the Companies Act, 1956 and (i) which is confined in the scope of its objects to the State of Orissa ; and (ii) which is a non-trading corporation within the meaning of entry 32 in list II of the Seventh Schedule to the Constitution of India.