9911796707
TMI Blog2015 (3) TMI 326X X X X Extracts X X X X X X X X Extracts X X X X ..... h Supreme Securities Limited (hereinafter referred to as the Transferee Company) (collectively referred to as Petitioner Companies). A copy of the Scheme has been enclosed with the Petition. 2. The registered offices of the Petitioner Companies are situated at New Delhi, within the jurisdiction of this Hon'ble Court. 3. The details with regard to the date of incorporation of Petitioner Companies, their authorized, issued, subscribed and paid up capital have been given in the Petition. 4. The copies of the Memorandum and Articles of Association as well as the latest audited Accounts as at 31st December, 2013 of the Petitioner Companies have also been enclosed with the Petition. 5. Copies of the Resolutions passed by the Board of Director ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Petitioner Companies. Based on the information received, learned Official Liquidator has filed his report dated 4th August , 2014, wherein he has stated that he has not received any complaint against the proposed Scheme from any person/party interested in the Scheme in any manner and that the affairs of the Transferor Companies, which is subject matter of dissolution, do not appear to have been conducted in a manner prejudicial to the interest of its members, creditors or to public interest as per the 2nd proviso of Section 394(1) of the Companies Act, 1956. 10. In response to the notice issued in the Petition, learned Regional Director, Northern Region, Ministry of Corporate Affairs has filed his Affidavit/Report dated 1st September, 20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... idavit dated 28th August, 2014 confirming that neither the Petitioner Companies nor their Counsel has received any objection pursuant to citations published in the newspapers. 15. In view of the approval accorded by the Shareholders and Creditors (secured and Unsecured) of the Petitioner Companies; representation/reports filed by the Regional Director, Northern Region and the Official Liquidator, attached with this Court to the proposed Scheme of Amalgamation, there appears to be no impediment to the grant of sanction to the Scheme of Amalgamation. Consequently, sanction is hereby granted to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956. The Petitioner Companies will comply with the statutory requirements ..... X X X X Extracts X X X X X X X X Extracts X X X X
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