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Merger or Amalgamation of certain companies

Rule 25 - Companies Law - Rule 25 - 25. .- (1) The notice of the proposed scheme, under clause (a) of sub-section (1) of section 233 of the Act, to invite objections or suggestions from the Registrar and Official Liquidator or persons affected by the scheme shall be in Form No. CAA.9. (2) For the purposes of clause (c) of sub-section (1) of section 233 of the Act the declaration of solvency shall be filed by each of the companies involved in the scheme or merger or amalgamation in Form NO. CAA. .....

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tion of solvency made in pursuance of clause (c) of subsection (1) of section 233 of the Act in Form No. CAA. 10; (c) a copy of the scheme. (4) (a) For the purposes of sub-section (2) or section 233 Of the Act, the transferee company shall, within seven days after the conclusion or the meeting of members or class of members or creditors or class Of creditors, file a copy of the scheme as agreed to by the members and creditors, along with a report of the result of each or the meetings in Form NO. .....

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scheme from the Registrar of Companies and Official Liquidator or where the objection or suggestion of Registrar and Official Liquidator is deemed to be not sustainable and the Central Government is of the opinion that the scheme is in the public interest or in the interest Of creditors, the Central Government. shall issue a confirmation order of such scheme of merger or amalgamation in Form NO. CAA. 12. (6) Where objections or suggestions are received from the Registrar of Companies or Officia .....

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