|Our Company was incorporated as CTV Entertainment Private Limited at Bangalore, Karnataka, vide certificate of incorporation dated July 12, 1989 issued by the Registrar of Companies, Karnataka under the provisions of the Companies Act, 1956. The Corporate Identification Number (CIN) of our Company is U85110TN1989PLC062297.The name of our Company was changed to CEE (I) TV Entertainment Private Limited vide fresh incorporation certificate dated January 28, 2000 issued by the Registrar of Companies,
Karnataka. Our Company was converted into a public limited company vide fresh incorporation certificate dated February 04, 2000 issued by the Registrar of Companies, Karnataka and the name was changed to CEE (I) TV Entertainment Limited. We further changed the name of our Company to Midvalley Entertainment Limited vide a fresh certificate of incorporation dated December 27, 2005 issued by the Registrar of Companies, Karnataka.
Changes in the Registered Office of our Company
The Registered Office of our Company was originally situated at 106, Commerce House, 9/1, Cunningham Road, Bangalore 560 052 and was shifted to 118, First Main Road, R.T. Nagar, M.L.A. Layout, Bangalore, Karnataka-560 032 w.e.f. October 27, 1999. The registered office of our Company was further shifted to No. 20, 12th Cross, First Main RMV 2nd Stage, Geddalahalli, Sanjaynagar, Bangalore, Karnataka-560 094 w.e.f. August 18, 2003.
On September 30, 2005, vide a resolution passed in the Annual General Meeting of our members, it was decided to shift the registered office of our Company from Bangalore in the State of Karnataka to Chennai in the State of Tamil Nadu. Our Company subsequently changed the registered office to its present address after obtaining due permission of the Company Law Board, Chennai as the place of the registered office was changed from the State of Karnataka to the State of Tamil Nadu. This is evidenced by the Certificate of Registration of Company Law Board order for Change of State dated February 7, 2007 issued by Assistant Registrar of Companies, Tamil Nadu at Chennai. Accordingly, the registered office of our Company was shifted to the current address 9th Floor, Gee Gee Emerald, 312, Valluvar Kottam High Road, Nungambakkam, Chennai - 600 034, Tamil Nadu, India.
Major events in the history of Our Company
1989 Year of Incorporation
2005 Company renamed as Midvalley Entertainment Limited
Soft entry into exhibition business
2006 The management of our Company was taken over by Datuk K. Ketheeswaran
Production and Release of Tamil movie 'Thambi'
Commencement of production of 'Seena Thana 001', a Tamil comedy movie
Ramping up of exhibition business by entering into screening agreements with the owners of the theaters
Our company defaulted in repaying loan amounting to Rs. 301.97 lacs taken from City Union Bank Limited. The same was settled through an OTS.
2007 Release of Tamil movie 'Seena Thaana 001' in September 2007
2008 Completion of screening agreements with 85 theaters.
Attachment order of immovable property for non-payment of income tax dues
2010 Reduction in number of screens from 85 to 46 due to locational constraints, fall in the number of footfalls and subsequent reduction in collections.