TMI Blog2016 (1) TMI 584X X X X Extracts X X X X X X X X Extracts X X X X ..... h the procedural requirements with regard to all conditions stipulated under the Income Tax Act. The Scheme shall be binding on the Amalgamating and Amalgamated Companies, their respective Shareholders, Creditors and all concerned. Let formal order of sanction of the Scheme of Amalgamation be drawn in accordance with law and its certified copy be filed with the Registrar of Companies within 30 days from the date, other requisite permissions are received by the petitioner company. Notice of the order be published in the 'Indian Express' (English) and and 'Jansatta' (Hindi), both Delhi/ NCR Editions, and in the official Gazette of Government of Haryana. Any person interested shall be at liberty to apply to the Court for any direct ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Amalgamated company. There was no secured creditor of the Amalgamating Company no. 1 and no secured and unsecured creditor of the Amalgamating Company no.2 and Amalgamated company, no meeting as such was required to be convened. Accordingly, the first motion petition was disposed of. This is the second motion petition. Notice of the petition was directed to be issued to Regional Director, Ministry of Corporate Affairs and the Official Liquidator. Notice was also directed to be published in 'Indian Express' (English) and 'Jansatta' (Hindi), both Delhi/ NCR Editions, and in the official Gazette of Government of Haryana. The aforesaid order has been complied with and affidavit to this effect has been placed on record. C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n, Ministry of Corporate Affairs, and the Official Liquidator, the Scheme of Amalgamation is hereby sanctioned. The assets and liabilities of the Amalgamating Companies No. 1 and 2 shall stand vested in the Amalgamated Company. The Amalgamating Companies shall be dissolved without being wound up. The Amalgamated Company shall be required to comply with the procedural requirements with regard to all conditions stipulated under the Income Tax Act. The Scheme shall be binding on the Amalgamating and Amalgamated Companies, their respective Shareholders, Creditors and all concerned. Let formal order of sanction of the Scheme of Amalgamation be drawn in accordance with law and its certified copy be filed with the Registrar of Companies with ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
