TMI BlogPower of Central Government to provide for amalgamation of companies in public interestX X X X Extracts X X X X X X X X Extracts X X X X ..... t two or more companies should amalgamate, the Central Government may, by order notified in the Official Gazette, provide for the amalgamation of those companies into a single company with such constitution, with such property, powers, rights, interests, authorities and privileges, and with such liabilities, duties and obligations, as may be specified in the order. (2) The order under sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntitled to compensation to that extent, which shall be assessed by such authority as may be prescribed and every such assessment shall be published in the Official Gazette, and the compensation so assessed shall be paid to the member or creditor concerned by the transferee company. (4) Any person aggrieved by any assessment of compensation made by the prescribed authority under sub-sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company within such period as the Central Government may fix in that behalf, not being less than two months from the date on which the copy aforesaid is received by that company, or from any class of shareholders therein, or from any creditors or any class of creditors thereof. (6) The copies of every order made under this section shall, as soon as may be after it has been made, be laid ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
