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2016 (1) TMI 995 - HC - Companies LawScheme of Arrangement - Demerger and transfer of Roorkee Division of Alpha Packaging Private Limited into Alpha Plastomers Private Limited - Held that:- Having heard Mr.Navin K. Pahwa, learned advocate for Thakkar and Pahwa, Advocates, learned advocate for the petitioner Companies, Mr.Kshitij Amin, learned Central Government Standing Counsel on behalf of Mr.Devang Vyas, learned Assistant Solicitor General of India for the Regional Director and upon perusal of the report of the Regional Director, the reply filed on behalf of the petitioner Resulting Company and having considered the Scheme of Arrangement together with relevant documents on record, the Court finds it appropriate to grant sanction to the present Scheme of Arrangement. In view of the above, the Scheme of Arrangement is sanctioned. The costs of these petitions are determined at ₹ 7,500/each payable to Shri Devang Vyas, learned Assistant Solicitor General of India. The petitioner Companies shall lodge a copy of this order and the Scheme duly authenticated by the Registrar, High Court of Gujarat, with the concerned Superintendent of Stamps, for the purpose of adjudication of Stamp Duty, if any, on the same within 60 (sixty) days from the date of the order. The petitioners are directed to file a copy of this order along with a copy of the Scheme with the Registrar of Companies, electronically, along with requisite Form in addition to the physical copy as per relevant provisions of the Act.
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