TMI Blog2016 (7) TMI 217X X X X Extracts X X X X X X X X Extracts X X X X ..... authenticated by the Registrar, High Court of Gujarat, with the concerned Superintendent of Stamp Duty, if any, on the same within sixty (60) days from the date of the order. - COMPANY PETITION NO. 124 of 2016 In COMPANY APPLICATION NO. 42 of 2016 With COMPANY PETITION NO. 125 of 2016 In COMPANY APPLICATION NO. 43 of 2016 - - - Dated:- 1-7-2016 - MR. R.M.CHHAYA, J. FOR THE PETITIONER : MR BHARAT T RAO, ADVOCATE FOR THE RESPONDENT : MR DEVANG VYAS, ADVOCATE ORAL JUDGMENT 1. The present petitions are filed under the provisions of Sections 391 to 394 of The Companies Act,1956, seeking the sanction of this Court to the Scheme of Arrangement in the nature of amalgamation of Jaykrishna Magnetics Private Limited, transferor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ively, seeking the sanction of the Scheme of Amalgamation. By a separate order dated 29.04.2016, this Court admitted both the petitions and directed the issuance of notice to the Regional Director and publication of the common notice of the hearing of the petitions in the local daily newspapers, both English and vernacular editions. 5. Pursuant to the order dated 29.02.2016, the petitioner Companies have published the notice of the hearing of the petitions in Gujarati daily newspaper Sandesh in the Ahmedabad edition and the English daily newspaper Indian Express in the Ahmedabad edition. On 2.6.2016, the authorized Director of the petitioner Companies has filed separate affidavits dated 30.6.2016, confirming the publication of the no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oundD of the reply, about the compliance with the provisions of The IncomeTax Department etc. The Director undertook on oath that the transferor and transferee companies shall comply with the provisions of the Income Tax Act as stated in the letter of the Income Tax Department upon which reliance has been placed by the office of the Regional Director and it being statutory provisions, the transferor company is going to merge in transferee company, will be complied with. 9. The Official Liquidator has carried out the inspection of the Books of the Transferor Companies and submitted separate reports on 23.6.2016. The reports confirm that the affairs of the Transferor Companies are not conducted in a manner prejudicial to the interest of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... order and the Scheme, duly authenticated by the Registrar, High Court of Gujarat, with the concerned Superintendent of Stamp Duty, if any, on the same within sixty (60) days from the date of the order. 12. The petitioner Companies are directed to file a copy of this order, along with a copy of the Scheme, with the concerned Registrar of Companies, electronically, along with requisite form, in addition to a physical copy, as per relevant provisions of the Act. 13. Filing and issuance of drawn up order is hereby dispensed with and all the authorities are to act on a copy of this order, along with the Scheme, duly authenticated by the Registrar, High Court of Gujarat. The Registrar, High Court of Gujarat shall issue the authenticated co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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