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2022 (9) TMI 22 - Tri - Companies LawSanction of scheme of arrangement - Section 230 of the Companies Act, 2013 - HELD THAT:- From perusal of the Section 230(3) of Companies Act 2013, it is observed that the notice is required to be sent only if the meeting is directed to be convened under Section 230(1) of Companies Act 2013 - Since, in the instant case the meetings are dispensed with and no meetings are being convened under the provisions of Section 230(1) of Companies Act 2013, therefore the question of serving notices in terms of Section 230(3) and 230(5) do not arise. Notices are required to be sent to the Sector Regulators and objectors in terms of Rule 16(2) of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 at the time of filing Second Motion application, while intimating the Noticees about the next date of hearing of the Application. In view of the above, the prayer of the Applicant Companies is rejected, so far as seeking direction of serving notices at this stage is concerned. Application disposed off.
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