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2015 (12) TMI 1712 - HC - Companies LawScheme of demerger - directions to convene meeting of the Equity Shareholders Demerged Company/ Petitioner Company I) and dispensation of meetings of the secured and unsecured creditors of the Demerged Company and Equity Shareholders, secured and unsecured creditors of Resulting Company/ Petitioner Company II - The meeting shall be conducted strictly in accordance with law and after due notification/notice to all concerned including publication in the newspapers namely “Indian Express” (English) and “Jan Satta” (Hindi)”, both Delhi/NCR Editions, and publication in the Official Gazette of Government of Haryana. Notice of the meeting of the equity shareholders of the Petitioner Company-I shall be issued at least 21 days before the date of proposed meeting. Individual notices be also sent to the Equity Shareholders of the company through post - The scheme put up in the meeting of the Equity Shareholders shall be approved/ decided by the majority in number and by minimum 75% in value of the equity shareholders present and voting either in person or proxy.
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