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2019 (8) TMI 749 - Tri - Companies LawDirections of this Tribunal to convene separate meetings - Arrangement Scheme - applicants have stated that the accounting treatment proposed in the scheme of arrangement is inconformity with the Accounting Standards prescribed under section 133 of the Companies Act, 2013 - HELD THAT:- In compliance with sub-section(5) of section 230 of the Act and rule 8 of the Companies (CAA) Rules, 2016, the applicant-companies shall send notice under sub-section (3) of section 230 read with rule 6 of the Rules with a copy of the scheme of arrangement, the explanatory statement and the disclosures mentioned in rule 6 to (a) the Central Government through the Regional Director, Northern Region, Ministry of Corporate Affairs, New Delhi ; (b) the Registrar of companies, Uttarakhand ; and (c) the Income-tax Authorities. The said notices be sent either by registered post or by speed post or by courier or by hand delivery at the offices of the authorities as required by sub-rule (2) of rule 8 of the Rules. The aforesaid authorities, who desire to make any representation under sub-section (5) of section 230 shall send the same to this Tribunal within a period of 30 (thirty) days from the date of receipt of such notice, failing which it shall be deemed that they have no representation to make on the proposed scheme. Application disposed off.
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