About Iol Netcom Limited
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Iol Netcom Limited is a public limited company based in Mumbai, Maharashtra, 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 wholesale trading and distribution segment of the trading and commerce sector. It was incorporated on 25 February 1985.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L51900MH1985PLC035474. It is recorded as listed by MCA, but its shares were delisted from NSE on 12 May 2017 · winding up and from BSE on 23 Aug 2017 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹29.39 Cr. It is led by directors including Siddhartha Sankar Bose (Managing Director) and Amarjit Singh Oberai.
Its last annual general meeting (AGM) was held on 31 January 2011, and its latest financial statements are for the year ended 30 June 2010. The registered office is at 813 Raheja Center Nariman Point, Mumbai, Maharashtra, India – 400021.
As per MCA filings, the company has open charges of ₹5.88 Cr and satisfied charges of ₹1.8 Cr on record. Court records list 47 cases involving the company, including 7 filed by the company and 40 filed against it; 9 cases are pending. The company has 84 deals on record (82 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹13.95 Cr; the latest was in July 2011.
The last known website on record is iolnetcom.com.
Company details
Contact details
Iol Netcom Limited's registered office is in Mumbai, Maharashtra.
- Registered Address813 Raheja Center Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTrading, Wholesale, Specialty
- 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 Iol Netcom Limited
FY 2010 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Iol Netcom Limited, buy the company report.
Board of directors and KMP of Iol Netcom Limited
Iol Netcom Limited currently reports 3 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amarjit Singh Oberai Also directs: Skytel Networks Limited | Director | 23 Jun 2000 | 26 Years 3 Months | As last reported |
| Suryamani Rajaram Sharma | Additional Director | 30 Dec 2011 | 14 Years 9 Months | As last reported |
| Siddhartha Sankar Bose Also directs: Skytel Networks Limited | Managing Director | 25 Aug 2010 | 16 Years 1 Months | As last reported |
| Rahul Dubey | Company Secretary | 31 Oct 2008 | 17 Years 11 Months | As last reported |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2009 | 10173718 | Idbi Bank Limited | ₹5 Cr | Open | |
| 27 Oct 2006 | 10071539 | Citibank N.A. | ₹70 Lakh | Open | |
| 06 Mar 1987 | 90217116 | Indian Bank | ₹9 Lakh | Open | |
| 06 Mar 1987 | 90219405 | Indian Bank | ₹9 Lakh | Open | |
| 08 Jun 2007 | 10057206 | Bank of India | ₹27 Lakh | Satisfied |
To see the full charge records of Iol Netcom Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Iol Netcom Limited has 84 deals on record (82 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹13.95 Cr; the latest was in July 2011.
Deals on record (5 of 84)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2011 | Market trade | ₹13.9 Lakh | Seller: Aurum Ventures Private Limited |
| Apr 2011 | Market trade | ₹11.9 Lakh | Seller: Darvin Consultancy Private Limited |
| Oct 2010 | Market trade | ₹33.8 Lakh | Seller: Sainath Herbal Care Marketing Private Limited |
| Apr 2010 | Market trade | ₹1.28 Cr | Buyer: Videocon Industries Limited Seller: Shree Dhoot Trading and Agencies Ltd |
| Apr 2010 | Market trade | ₹1.28 Cr | Buyer: Evans Fraser And Company (India) Limited Seller: Shree Dhoot Trading and Agencies Ltd |
To see the full deal history of Iol Netcom Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Iol Netcom Limited has 47 court cases on record: 7 filed by Iol Netcom, 40 filed against it. 9 cases are pending and 38 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 23 | 8 |
| High courts | 23 | 17 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 47)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Swasti Vinayaka Synthetics Ltd Th. Mr. Rajesh Mukund Raut | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by Ms. Swasti Vinayaka Synthetics Ltd Th. Mr. Rajesh Mukund Raut | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Embee Software Pvt.Ltd. Repby Gulu Balani | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Ms Thinpc Technology Pvt Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Reach Network India Pvt Ltd | Disposed |
To see the full case history of Iol Netcom 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 Iol Netcom 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 Iol Netcom Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Iol Netcom Limited has 18 board changes on record since 2000: 11 appointments and 7 cessations. The latest: Purshottam Lal Kanhaiyalal Chaturvedi ceased to be Director on 30 Dec 2011.
23 earlier events are in the company report.
Frequently asked questions
Iol Netcom 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.
Iol Netcom is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in wholesale, within the trading industry. It was incorporated on 25 February 1985 and is registered under CIN L51900MH1985PLC035474. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Iol Netcom has 4 current directors and KMP:
- Siddhartha Sankar Bose - Managing Director
- Amarjit Singh Oberai - Director
- Suryamani Rajaram Sharma - Additional Director
- Rahul Dubey - Company Secretary
The latest financial statements of Iol Netcom on record with the MCA are for the year ended 30 June 2010. Its last annual general meeting was held on 31 January 2011. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Iol Netcom is L51900MH1985PLC035474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iol Netcom is recorded as a listed company by MCA, but its shares were delisted from NSE on 12 May 2017 · winding up and from BSE on 23 Aug 2017 · compulsory delisting, and no longer trade on a stock exchange.
Iol Netcom has open charges of ₹5.88 Cr and satisfied charges of ₹1.8 Cr as per latest MCA filings.
Iol Netcom has 47 court cases on record: 7 filed by the company and 40 filed against it. 9 are pending. Most are in the district courts.
Iol Netcom was incorporated on 25 February 1985. It is registered with the Registrar of Companies, Mumbai.
Iol Netcom has 84 deals on record (82 market trades, 1 funding round, 1 acquisition), with disclosed funding of ₹13.95 Cr; the latest was in July 2011.