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2021 (8) TMI 755 - Tri - Companies LawSanction of Scheme of Amalgamation - Sections 230-232 and other applicable provisions of the Companies Act, 2013 read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 - HELD THAT:- The meetings of the equity shareholders, unsecured creditors of all the Applicant Companies are dispensed with as their consent by way of affidavits have been received. The Applicant Companies do not have any secured creditors and hence, there is nothing to call and convene their meeting. However, Rule 8 of the Rules requires the notice of the meetings to be sent to the statutory authorities in Form CAA 3. Since the calling and convening of the meetings are being dispensed with, the applicants shall have to make a specific prayer while moving the second motion petition to issue the notice to the statutory authorities. The First Motion Application stands allowed.
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