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2010 (6) TMI 865 - GUJARAT HIGH COURTExtract: .......ary for the transferee Company being the holding Company, it is held in the present case also that separate proceedings, as required to be taken out under the provisions of Section 391(2) of the Companies Act, 1956, are not required to be undertaken by the applicant Company. This application is accordingly allowed to the aforesaid extent. No costs.
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