9911796707
TMI Blog1996 (1) TMI 345X X X X Extracts X X X X X X X X Extracts X X X X ..... iah Reddy Standing Counsel for the Central Government. ORDER 1. These two petitions are filed by the transferor-company and transferee-company seeking sanction for the scheme of arrangement for amalga-mation. CP No. 41 of 1995 is filed by Winfield Agro Services (P.) Ltd., Vijayawada (transferor-company) which is being amalgamated with Hindustan Antipests (P.) Ltd., (transferee-company). CP No. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... der-ing and approving the scheme of compromise or arrangement. Shri Vemireddy Bhasker Reddy was appointed as Chairman by this court for the purpose of holding meeting. The meeting was held on 30-6-1995 and the scheme of amalgamation was approved unanimously without any modification. 3. Similarly, as per the directions of this court dated 30-6-1995 a meeting of equity shareholders of the transfere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Form No. V with requisite fee with Registrar of Companies before making any allotment of shares to the members of the transferor-company in terms of the scheme. This objection is sought to be repelled by the learned counsel for the transferee-company, stating that after the amalgamation the steps, which are re-quired to be taken in accordance with the provisions of the Companies Act, will be taken ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f dispute in the present application. Therefore, the situation that may emerge with regard to the total number of members of the transferee-company is to be dealt with by the company in accordance with the Act. 6. No other objections have been raised to the scheme of amalgamation. In the circumstances, there is no reason why these applications should not be allowed. 7. Considering the facts and ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
