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2021 (1) TMI 147 - Tri - Companies LawApproval of amalgamation scheme - Transfer and vesting of the Passenger Vehicles Undertaking of the Applicant Company 1 to the Applicant Company 2 as a going concern on a slump sale basis - reduction of Securities Premium Account - HELD THAT:- The Applicant Company 1, pursuant to Section 230(5) of the Companies Act, 2013 read with Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, is directed to serve the notice of various meetings - Applicant Companies shall obtain consent from State Government of Maharashtra and State Government of Gujarat for transfer of Incentives and Concessions availed by Applicant Company No.1 till now will also be available to Applicant Company No.2 post implementation of this Scheme. The Applicant Companies shall file proof of compliance electronically to report to this Tribunal that all the directions including issue of notices and publication of advertisement have been duly complied with.
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