Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2021 (4) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (4) TMI 1063 - Tri - Companies LawScheme of amalgamation and merger - seeking to dispense with the convening and holding of the meeting of Shareholders, Unsecured Creditors of the Transferor Company - seeking to dispense with the convening and holding of the meeting of Shareholders, Secured & Unsecured Creditors of the Transferee Company and to convene the Meeting of Secured Creditors of the Transferor Company etc. - HELD THAT:- The Companies have followed extant provisions of Companies Act in framing the Scheme in question, which are duly approved by the Board of Directors of the Companies involved. The Statutory Auditors/Chartered Accountants of the Company have also issued respective Certificates by inter-alia certifying the details of shareholders, creditors, and compliance of accounting treatment as prescribed U/s. 133 of the Companies Act, 2013 with reference to the Scheme in question. The Applicant Companies have disclosed all the material facts relating to the Scheme in question and filed necessary documents along with the Application - the case, made out by the Applicants so as to grant relief as sought for, by dispensing with the meeting of the Shareholders of the Applicant Companies and Unsecured Creditors of the Transferor Company and convene the meeting of the Secured Creditors of the Transferor Company by appointing the Chairperson and Scrutinizer for convening the meeting, fixing venue, time, quorum etc. is accepted. Application allowed.
|