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2020 (9) TMI 655 - Tri - Companies LawSanction of Scheme of Amalgamation (Merger by Absorption) - Section 230 to 232 of the Companies Act, 2013 - HELD THAT:- From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy. None of the parties concerned have come forwarded to oppose the Scheme of Merger - Since all the requisite statutory compliances have been fulfilled, Company Scheme Petition No C.P.(CAA) 3217/MB/2019 filed by the Petitioner Companies has been made absolute in terms of prayer clause (a) to (c) of the Company Scheme Petition. Petitioner Companies are directed to lodge a copy of this order and the Scheme duly certified by the Deputy/ Assistant Registrar, National Company Law Tribunal, Mumbai Bench, Mumbai with the concerned Superintendent of Stamps for the purpose of adjudication of stamp duty payable, if any, on the same within 60 working days from the date of the receipt of the certified copy of the Order, for the purpose of adjudication of stamp duty payable - Petitioner Companies are further directed to lodge a copy of this order along with the copy of the Scheme with the concerned Registrar of Companies, electronically, along with e-form INC-28 in addition to the physical copy within 30 days from the date of issuance of the certified copy of the Order by the Registry, duly certified by the Deputy Registrar or the Assistant Registrar, as the case may be, of the National Company Law Tribunal, Mumbai Bench. The Scheme is sanctioned, and the appointed date of the Scheme is fixed as 1st April,2019 for Transferor Company 1 and 1st June, 2019 for Transferor Company 2.
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