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2015 (5) TMI 196 - HC - Companies LawApplication under Sections 391 & 394 of the Companies Act, 1956 - Dispensation with the requirement of convening the meetings of their equity shareholders, secured and unsecured creditors - Held that:- In all the 13 companies (transferor companies) and transferee company , all equity share holders, Unsecured creditors and Secured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meeting of the equity shareholders of the all the transferor companies to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. - The application approved.
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