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2020 (9) TMI 603 - Tri - Companies LawSanction of Scheme of Merger by Absorption - convening and holding of various meetings - section 230 to 232 of Companies Act - HELD THAT:- It shall be the duty of the Applicant Company concerned to ensure that every creditor of the company is put on notice as regards the Scheme. Objections, if any, will be considered at the time of final hearing for sanction of the Scheme. The Applicant Companies to serve the notice upon – (i) the Central Government through the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai; (ii) Registrar of Companies, Maharashtra, Mumbai; (iii) the concerned Income Tax Authority within whose jurisdiction each of the Applicant Companies' assessments are made, pursuant to section 230(5) of the Companies Act, 2013 and as per rule 8 of the Companies (Compromises, Arrangements & Amalgamations) Rules, 2016. If no response is received by the Tribunal from such authorities within 30 days of the date of receipt of the notice it will be presumed that they have no objection to the proposed Scheme.
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