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2017 (2) TMI 699

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..... the Applicant company is aligning its financial year, is also placed on record along with the Board resolution dated 11th November, 2016 passed by the Holding Company. The proof of despatch of a set of application to the Registrar of Companies, Coimbatore, Tamil Nadu, is also placed on file. The set of application seems to have been forwared on 2nd of December 2016 to the ROC concerned. Thus we are satisfied that the applicant company [which is a subsidiary of M/s. Bill Forge Private Limited (Holding Company), which is further a subsidiary of M/s. Mahindra CIE Automotive Limited (the Holding Company of M/s. Bill Forge Private Limited) and which is a subsidiary of M/s. CIE Automotive SA (Ultimate Holding Company), a Company incorporated .....

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..... 10/-. 2. M/s. Mahindra CIE Automotive Limited (the Holding Company of M/s Bill Forge Private Limited), a company incorporated under the laws of India, having its registered office at Mahindra Towers, P.K. Kurne Chowk, Worli, Mumbai, Maharashtra 400 018, acquired the entire share capital of M/s. Bill Forge Private Limited, by way of an Acquisition Agreement dated September 12, 2016 between Mahindra CIE Automotive Limited (Acquirer), the Company and Anil Haridass, Sunil Haridass, Anjali Powar Haridass, M.C. Mythili, Ravindra K., Hari K., Ainos Holdings Limited, Kedaara Capital Alternative Investment Fund - Kedaara Capital AIF 1, Shyam Bhartia and Hari Bhartia (collectively, Sellers). 3. It has been stated in the application that since .....

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..... of December 2016 to the ROC concerned. But the Registry of this Tribunal has reported that it did not receive any communication from the ROC concerned. 5. In the light of the facts and circumstances stated above, we are satisfied that the applicant company [which is a subsidiary of M/s. Bill Forge Private Limited (Holding Company), which is further a subsidiary of M/s. Mahindra CIE Automotive Limited (the Holding Company of M/s. Bill Forge Private Limited) and which is a subsidiary of M/s. CIE Automotive SA (Ultimate Holding Company), a Company incorporated outside India], essentially requires to follow financial year from January 1 st ending December 31 st as its financial year for consolidation of its accounts outside India. Ther .....

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