TMI Blog2016 (2) TMI 242X X X X Extracts X X X X X X X X Extracts X X X X ..... ICATION NO. 336 of 2015 - - - Dated:- 7-1-2016 - SMT. JUSTICE ABHILASHA KUMARI, J. FOR THE PETITONER : MRS SANGEETA N PAHWA FOR THAKKAR AND PAHWA, ADVOCATES, ADVOCATE FOR THE RESPONDENT : MR KSHITIJ AMIN FOR MR DEVANG VYAS, ADVOCATE ORAL ORDER 1. The present petition is filed under the provisions of Sections391 to 394 of the Companies Act, 1956, seeking the sanction of this Court for the Scheme of Amalgamation of Solid Johnson Floor Tiles Private Limited with Small Johnson Floor Tiles Private Limited. 2. It is submitted on behalf of the petitioner that Small Johnson Floor Tiles Private Limited, the Transferee Company, being the Holding Company, had earlier filed Company Application No.337 of 2015, seeking an order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the petitioner Company has filed an affidavit dated 01.12.2015, in support of the publication of the advertisements. 6. In response to the notice, the Regional Director has filed an affidavit dated 31.12.2015, making only one observation with regard to the comments from the IncomeTax Department. The report records that the office of the Regional Director has not received any adverse comments from the IncomeTax Department. It is, however, stated in the report that the petitioner Company may be directed to undertake compliance of the IncomeTax Act and Rules. 7. In response to the affidavit of the Regional Director dated 31.12.2015, the petitioner has filed its response by an affidavit dated 05.01.2016, giving an explanation to the o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eneral of India for the Regional Director and upon perusal of the report of the Official Liquidator and the Regional Director and having considered the Scheme of Amalgamation together with relevant documents on record, this Court finds it appropriate to grant sanction to the present Scheme of Amalgamation. 10. In view of the above, the Scheme of Amalgamation is sanctioned. It is, however, directed that the petitioner shall preserve its books of accounts, papers and records and shall not dispose of the records without the prior permission of the Central Government under Section396A of the Companies Act, 1956. 11. The cost of this petition is determined at ₹ 7,500/payable to Shri Devang Vyas, learned Assistant Solicitor General of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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