Lotus Hire Purchase Limited
About Lotus Hire Purchase Limited
Data last updated:
Lotus Hire Purchase Limited is a public limited company based in Jalandhar, Punjab, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the credit allocation agencies segment of the financial services sector. It was incorporated on 28 October 1998.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65921PB1998PLC021903.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹73.92 Lakh. It is led by directors including Shashi Syal (Managing Director) and Smita Vasudev.
Its last annual general meeting (AGM) was held on 30 September 2006, and its latest financial statements are for the year ended 31 March 2006. The registered office is at Scf 37 Urban Estatephase I Jalandhar City, Punjab, India – 144001.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending.
Company details
CIN history
Lotus Hire Purchase has one previous CIN (Corporate Identification Number): L65921PB1998PLC021903. The current CIN is U65921PB1998PLC021903, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921PB1998PLC021903 | Current |
| L65921PB1998PLC021903 | Previous |
Contact details
Lotus Hire Purchase Limited's registered office is in Jalandhar, Punjab.
- Registered AddressScf 37 Urban Estatephase I Jalandhar City, Punjab, India – 144001
- IndustryFinancial Services, Credit Allocation Agencies, Hire Purchase, Other Financial Intermediation
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Lotus Hire Purchase Limited
FY 2006 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Lotus Hire Purchase Limited, buy the company report.
Board of directors of Lotus Hire Purchase Limited
Lotus Hire Purchase has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Smita Vasudev | Director | 12 May 1999 | 27 Years 5 Months | As last reported |
| Sumit Syal | Director | 29 Mar 2000 | 26 Years 7 Months | As last reported |
| Shashi Syal | Managing Director | 28 Oct 1998 | 28 Years 0 Months | As last reported |
Legal cases
Lotus Hire Purchase Limited has 4 court cases on record: 3 filed by Lotus Hire Purchase, 1 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 2 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Company petition | Filed by the company against an individual | Pending |
| High Court, CHANDIGARH (UT) | Company petition | Filed by the company against an individual | Disposed |
| High Court, CHANDIGARH (UT) | Company petition | Filed against the company by Reserve Bank of India | Disposed |
To see the full case history of Lotus Hire Purchase Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lotus Hire Purchase Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Lotus Hire Purchase Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Lotus Hire Purchase Limited has 3 board changes on record since 1998: 3 appointments. The latest: Sumit Syal was appointed as Director on 29 Mar 2000.
Frequently asked questions
Lotus Hire Purchase is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Lotus Hire Purchase is a company under liquidation, formerly operating as a public limited company based in Jalandhar, Punjab, India. The company works in credit allocation agencies, within the financial services industry. It was incorporated on 28 October 1998 and is registered under CIN U65921PB1998PLC021903. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lotus Hire Purchase has 3 current directors:
- Shashi Syal - Managing Director
- Smita Vasudev - Director
- Sumit Syal - Director
The latest financial statements of Lotus Hire Purchase on record with the MCA are for the year ended 31 March 2006. Its last annual general meeting was held on 30 September 2006. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lotus Hire Purchase is U65921PB1998PLC021903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lotus Hire Purchase has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending.
Lotus Hire Purchase was incorporated on 28 October 1998. It is registered with the Registrar of Companies, Chandigarh.
Sumit Syal was appointed as Director on 29 Mar 2000. Smita Vasudev was appointed as Director on 12 May 1999. Shashi Syal was appointed as Managing Director on 28 Oct 1998.
The registered office of Lotus Hire Purchase is at Scf 37 Urban Estatephase I Jalandhar City, Punjab, India – 144001.
Lotus Hire Purchase operates in the financial services industry, in the credit allocation agencies segment.
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