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2021 (1) TMI 315 - Tri - Companies LawApproval of Scheme of Amalgamation of the Transferor Companies with the Transferee Company - Section 230 read with Section 232 of the Companies Act, 2013 - HELD THAT:- It appears that paper publication under Rule 16 has been affected on 14.11.2020 in two Newspapers, i.e. in Times of India (English)and Janmabhoomi (Malayalam) and no one has filed objection against the Scheme of Amalgamation of the Petitioner Companies. During the course of hearing on 01.12.2020, the learned counsel for Petitioners submitted that the Appointed date has been changed from 01.04.2017 to 01.04.2019 as directed by the Regional Director. It is further stated that the Scheme has also been revised taking into consideration of the report of the Official Liquidator and the Registrar of Companies. This Bench is of the view that the Scheme placed before this Bench on 27.11.2020 after carrying out necessary amendments and change of appointed date from 01.04.2017 to 01.04.2019, may be sanctioned. Hence, this Tribunal Sanction the Scheme of Amalgamation of M/s. Toonz Infrastructure Private Limited and M/s. Toonz Animation India Private Limited with M/s. Asian Institute of Films and Media Studies Private Limited and the appointed date of the Scheme is fixed as opening hours of 01st April, 2019. The Transferee Company is directed to comply with the provisions of Section 232 (3) (i) of the Companies Act, 2013 by making an application with Registrar of Companies, Kerala for payment of the balance fee as applicable under the provisions of Acts and Rules framed thereunder - the scheme is approved.
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