9911796707
TMI Blog2009 (4) TMI 444X X X X Extracts X X X X X X X X Extracts X X X X ..... ition filed under sections 391 to 394 of the Companies Act, 1956 ('the Act'), the petitioner-Paxar India Private Limited (transferor-Company) has sought for sanction of the Scheme of Amalgamation which is produced as Annexure-A, so as to be binding on the petitioner-Company, R.V.L. Packaging India Private Limited (another transferor-Company), Avery Dennison (India) Private Limited (transferee-Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... situated at Block B-1, Plot No. F-2, Mohan Co-operative Industrial Estate, Mathura Road, Delhi - 110 044. 4. The Board of Directors of the petitioner-Company has approved and adopted the Scheme of Amalgamation of the petitioner-Company and R.V.L. Packaging India Private Limited with Avery Dennison (India) Private Limited at its meeting held on 31-7-2008, subject to approval of the shareholders a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2-2008. The notice of the petition was published in the said newspapers on 24-11-2008 as directed by this Court. Pursuant to the said publication, none has appeared before this Court to oppose this petition. 7. The Official Liquidator had sought for appointment of a Chartered Accountant to verify the books and records of the petitioner-Company and this Court by its order dated 5-12-2008 appointed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. As the entire shares of the Transferee-Company No. 1 are held by two foreign body corporates, the requirements of FEMA and RBI Act, if any, have to be complied with for allotment of shares to the shareholders of the Transferor-Company No. 1." In reply, the petitioner-Company has filed its affidavit dated 6-4-2009 stating that transferor-Company No. 2 has filed Company Petition No. 1053/2008 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of Amalgamation (Annexure-A) is hereby sanctioned subject to sanction of the Scheme by the High Court of Delhi and the High Court of Judicature at Bombay; (ii)Registry to draw up a decree in Form No. 42; (iii)the petitioner-Company (transferor-Company) shall stand dissolved without there being an order of winding-up; (iv)the petitioner-Company shall file a copy of this order with the Registra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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