Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2020 (9) TMI Tri This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (9) TMI 524 - Tri - Companies LawAmalgamation of Scheme of Merger by Absorption - Sections 230 to 232 of Companies Act - HELD THAT:- The observations made by the Regional Director have been explained by the Petitioner Companies in Para 11 to 16 above. Moreover, the Petitioner Companies undertake to comply with all the statutory requirements, as may be required under the Companies Act, 2013 and the Rules made thereunder. The clarifications and undertakings given by the Petitioner Companies are accepted by the Tribunal - The Official Liquidator has filed his report dated 17th August, 2020 in the consolidated Company Scheme Petition bearing CP (CAA) NO. 966/MB.V/2020, inter alia, stating therein that the affairs of the Transferor Company has been conducted in a proper manner not prejudicial to the interest of the Shareholders of the Transferor Company and that the Transferor Company may be ordered to be dissolved without the process of winding up by this Tribunal. From the material on record, the Scheme appears to be fair and reasonable and is not violative of law and is not contrary to public policy. The Scheme is hereby sanctioned and the Appointed Date is fixed as 1st April, 2019. The Transferor Company be dissolved without winding up - The Petitioner Companies to file a copy of this Order, duly certified by the Deputy Director or Assistant Registrar of this Bench, along with Scheme with the concerned Superintendent of Stamps, for the purpose of adjudication of stamp duty payable within 60 days from date of receipt of copy of the Order.
|