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2007 (10) TMI 404 - HIGH COURT OF ALLAHABADAmalgamation - Held that:- The objections to the confirmation of the scheme of amalgamation except to raise paid-up capital of the transferor company to ₹ 1 lakh are not found to be valid. The company application is allowed. The scheme of amalgamation is confirmed and will come into effect from the appointed date given in the scheme subject to conditions that the company will increase its paid-up capital of the transferor company within one month. Thereafter, the transferor-company shall stand dissolved without any order of winding up by the Court. The office will issue formal order in the prescribed form within four weeks from the date of affidavit of compliance along with proof of increase of paid-up capital of the transferor company.
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