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2016 (1) TMI 669 - HC - Companies LawScheme of Amalgamation - Held that:- In view the procedural requirements under Section 391 to 394 of the Companies Act, 1956 and as well as relevant affidavit and rules and due consideration of the reports of the Regional Director, Ministry of Corporate Affairs, Noida, and the Official Liquidator, the Scheme of Amalgamation of Petitioner Company-1/Amalgamating Company, Petitioner company-2/ Amalgamating Company and Petitioner Company-3/ Amalgamated Company is hereby sanctioned and both the Amalgamating Companies shall be dissolved without being wound up. The Scheme shall be binding on Petitioner Company-1/Amalgamating Company, Petitioner Company-2/ Amalgamating Company and Petitioner Company-3/Amalgamated Company their respective Shareholders and creditors, and all concerned. Let the formal order of sanction of Scheme of Amalgamation be drawn in accordance with law and certified copy of the same be filed with the Registrar of Companies within 30 days from the receipt of the same. Copy of this order be published in 'Indian Express' (English), 'Jansatta' (Hindi) both Delhi/NCR editions and Official Gazette of Haryana. Any interested person shall be at liberty to apply to this Court for any directions as per law. It is made clear that in case any demand in future is made by the Income Tax from the Petitioner/Amalgamating Company-1 & 2, the Amalgamated Company shall make the payment.
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