The Company was incorporated on November 25, 1994 under the Companies Act, 1956 as Charlie Creations Private Limited. The name of the Company was changed to Koutons Retail India Private Limited with effect from February 7, 2006. The Company was converted into a public limited company and its name was changed to Koutons Retail India Limited with effect from June 27, 2006.
The registered office of the Company was changed from T-60/1, D.C.M. School Road, New Rohtak Road, Karol Bagh,New Delhi 110 005 to J-2 Udyog Nagar, Peera Garhi Chowk, New Delhi on November 26, 2001 and thereafter on February 1, 2006 to its current registered office at T-60/1, D.C.M. School Road, New Rohtak Road, Karol Bagh, New Delhi 110 005.
Agreement to acquire the partnership firm M/s Charlie Creations
The Company was incorporated with the main object inter alia to take over the existing partnership firm, M/s. Charlie Creations which had Mr. BS Sawhney and Ms. Amarjit Kaur as partners (the Firm), along with all its assets and liabilities.
Pursuant to this object we entered into a Sale of Business Agreement with the Firm on January 2, 1995 in order to acquire the business of the Firm as a going concern with effect from January 1, 1995. Under the Sale of Business Agreement, we acquired all the assets and liabilities of the Firm appearing in its balance sheet as on December 31,1994, including plant, machinery and fixtures owned by the Firm, cash in hand, debts due to the Firm, stock in trade,consumable stores and immovable plant and machinery, trade marks, design and licenses owned or obtained by the Firm, benefits accruing to the partners of the Firm from all contracts, pending subsisting or under execution, the loan availed from the Bank of Baroda and all other statutory dues or liability. We acquired the business of the Firm for a total consideration of Rs. 585,000. Further, the partners of the Firm had undertaken not to carry on the same business either personally or in association with any third person without our previous written consent.
The registered office of the Company was changed from T-60/1, D.C.M. School Road, New Rohtak Road, Karol Bagh,New Delhi 110 005 to J-2 Udyog Nagar, Peera Garhi Chowk, New Delhi on November 26, 2001 and thereafter on February 1, 2006 to its current registered office at T-60/1, D.C.M. School Road, New Rohtak Road, Karol Bagh, New Delhi 110 005.
Agreement to acquire the partnership firm M/s Charlie Creations
The Company was incorporated with the main object inter alia to take over the existing partnership firm, M/s. Charlie Creations which had Mr. BS Sawhney and Ms. Amarjit Kaur as partners (the Firm), along with all its assets and liabilities.
Pursuant to this object we entered into a Sale of Business Agreement with the Firm on January 2, 1995 in order to acquire the business of the Firm as a going concern with effect from January 1, 1995. Under the Sale of Business Agreement, we acquired all the assets and liabilities of the Firm appearing in its balance sheet as on December 31,1994, including plant, machinery and fixtures owned by the Firm, cash in hand, debts due to the Firm, stock in trade,consumable stores and immovable plant and machinery, trade marks, design and licenses owned or obtained by the Firm, benefits accruing to the partners of the Firm from all contracts, pending subsisting or under execution, the loan availed from the Bank of Baroda and all other statutory dues or liability. We acquired the business of the Firm for a total consideration of Rs. 585,000. Further, the partners of the Firm had undertaken not to carry on the same business either personally or in association with any third person without our previous written consent.
