TMI Blog2015 (4) TMI 986X X X X Extracts X X X X X X X X Extracts X X X X ..... proposed Scheme of Amalgamation is dispensed with. There is no secured or unsecured creditor of the transferor company, as on 11th March, 2015. - Scheme of Amalgamation approved. - COMPANY APPLICATION (MAIN) NO. 39/2015 - - - Dated:- 16-4-2015 - Sudershan Kumar Misra J. For the Appellant : Mr. Mahesh Aggarwal with Mr. Rajeev Kumar Sudershan Kumar Misra, J. 1. This joint application has been filed under Sections 391 and 394 of the Companies Act, 1956 read with Rules 6 9 of the Companies (Court) Rules, 1959 by the applicant companies seeking directions of this court to dispense with the requirement of convening the meetings of their equity shareholders, secured and unsecured creditors to consider and approve, with or wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pital of the company is ₹ 1,47,130/- divided into 14,713 equity shares of ₹ 10/- each fully paid-up. 6. The present authorized share capital of the transferee company is ₹ 2,99,00,00,000/- divided into 29,90,00,000 equity shares of ₹ 10/- each. The issued, subscribed and paid-up share capital of the company is ₹ 2,43,85,39,370/- divided into 24,38,53,937 equity shares of ₹ 10/- each fully paid-up. 7. Copies of the Memorandum and Articles of Association of the transferor and transferee companies have been filed on record. The audited balance sheets, as on 31st March, 2014, of the transferor and transferee companies, along with the report of the auditors, have also been filed. 8. A copy of the Sc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Copies of the Resolutions passed at the meetings of the Board of Directors of the transferor and transferee companies have been placed on record. 12. The transferor company has 02 equity shareholders. Both the equity shareholders have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meeting of the equity shareholders of the transferor company to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured or unsecured creditor of the transferor company, as on 11th March, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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