TMI Blog2001 (6) TMI 762X X X X Extracts X X X X X X X X Extracts X X X X ..... meeting of equity shareholders and the creditors of the company for the purpose of consideration and if approved with or without modification of the scheme of amalgamation. 2. The applicant has also sought for directions as to the method of convening, holding and conducting the said meetings and also with respect to notice and advertisement to be issued. The applicant further sought for appoin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... date in the rules which says that the meeting shall also include postal ballot. 5. Postal ballot is necessary only in cases where the Central Government declares that the meeting shall be by postal ballot. 6. In this case the word used is may and not shall . To give an example, pursuant to section 192A coming into force the Central Government has notified the Companies (Appointment of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as shall . 8. In these circumstances, I hold that the postal ballot is not necessary. 9. In the light of the prayer made, it is directed that the meeting of the shareholders shall be held on 19-7-2001, at 5.30 p.m. and the creditors meeting shall be held on 19-7-2001 at 6 p.m. under the Chairmanship of Sri Azim Premji, failing him Sri P.S. Pai, failing him Sri B.C. Prabhakar at the regis ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
