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2021 (2) TMI 890 - Tri - Companies LawApproval of scheme of amalgamation - Section 230 read with Section 232 of the Companies Act, 2013 - HELD THAT:- As required under Rule 16 of the Companies (Compromise, Arrangements and Amalgamations) Rules, 2016 paper publication has been made in the Times of India (English) and Deepika Daily (Malayalam) on 28.02.2020 and that no objection received from any one against the Scheme of Amalgamation of the Petitioner Companies. On due appreciation of the facts and circumstances involved in this case and considering, the report of the ROC that the Regional Director, Ministry of Corporate Affairs has not objected to the proposed Amalgamation between the Petitioner Companies, this Bench is of the opinion that the Scheme placed before this Bench on 18.02.2020, can be sanctioned. Hence, this Tribunal Sanction the Scheme of Amalgamation of M/s. Commodity Online (India) Limited (“the 1st Transferor Company) and M/s. Celebrus Capital Limited (“the 2nd Transferor Company) with M/s. Acumen Capital Market (India) Limited (“the Transferee Company”) and the Appointed Date of the Scheme is fixed as opening hours of 31st March, 2019 - application disposed off.
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