Wednesday, January 16, 2013

SpiceJet served show-cause notice for Companies Act violations


Bangalore: The Chennai-based low-cost airline SpiceJet has been sent a show-cause notice for alleged violation of provisions of the Companies Act. The Chennai office of Registrar of Companies (RoC) sent the notice to the second-largest no-frills private carrier last month.
"We did send a show-cause notice to SpiceJet for violating the Companies Act. The notice was sent to the airline on December 26," an RoC official said on Thursday, without divulging details about the nature of violations by the Kalanithi Maran-owned listed airline.
When contacted, a SpiceJet spokesperson admitted to receiving the notice but did not elaborate.
Meanwhile, in a late evening statement, the Kalanithi Maran-promoted SpiceJet said the airline has complied with the applicable rules and regulations and termed the show-cause notice from the Registrar of Companies as administrative in nature.
17/01/13 PTI/Daily News & Analysis
To Read the News in full at Source, Click the Headline