The National Company Law Tribunal has declined to suspend the General Committee of the Delhi Gymkhana Club and also the appointment of administrator as sought by the Centre, instead directed the central government to appoint two of its nominees in the GC to monitor the affairs of the Club along with other GC Members and give suggestions.
Daily Current Affairs Quiz 2020
Key-Points
The Ministry of Corporate Affairs had moved the NCLT asking for replacement of the directors of the Club with government nominees to run the affairs of the company
The Delhi Gymkhana Club is one of the oldest and most prestigious private membership club in India.
It was founded in 1913. Its first president was Spencer Harcourt Butler, first governor of the then United Provinces of Agra and Oudh.
The club is located in Lutyens’ Delhi on Safdarjung Road.
The club is registered as a company under Section 8 of Companies Act. The club is run by a 16-member governing body, which consists of various retired government and army officers as well as other private citizens.
