Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

In Re. : Quatrro Global Services Private Limited And Scope E-Knowledge Solutions Private Limited

2015 (12) TMI 1712 - PUNJAB AND HARYANA HIGH COURT

Scheme of demerger - directions to convene meeting of the Equity Shareholders Demerged Company/ Petitioner Company I) and dispensation of meetings of the secured and unsecured creditors of the Demerged Company and Equity Shareholders, secured and unsecured creditors of Resulting Company/ Petitioner Company II - The meeting shall be conducted strictly in accordance with law and after due notification/notice to all concerned including publication in the newspapers namely “Indian Express” (English) .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e equity shareholders present and voting either in person or proxy. - CP No. 220 of 2015 (O&M) - Dated:- 8-12-2015 - Hon'ble Mr. Justice Rajesh Bindal Mr. Deepak Suri, Advocate, for the petitioner companies. Rajesh Bindal, In this petition under Section 391-394 of the Companies Act, 1956 (for short, 'the Act'), duly supported by affidavit, the petitionercompanies seek directions to convene meeting of the Equity Shareholders of the Quatrro Global Services Private Limited (Demerged Com .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

by learned counsel for the petitioner companies that the petitioner companies are registered under the Act. Registered office of the petitioner companies is situated at Gurgaon (Haryana). The main objects of the petitioner company I and the Petitioner Company II are set out in their Memorandum and Articles of Association which are annexed with the petition as at Annexure P-3 and Annexure P-10, respectively. The Board of Directors of the petitioner companies have approved the Scheme of Arrangeme .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

1,85,00,023/- Total 1,81,85,00,023/- Subscribed and paid-up share capital 1,76,28,82,023 Equity shares of ₹ 1 each fully paid up 1,76,28,82,023/- 5,56,18,000 Equity Shares of ₹ 1 each, ₹ 0.1 called and paid up 55,61,800/- Total 1,76,84,43,823/- As has been mentioned in the petition, the share capital of the Petitioner Company II is as under:- Share capital Amount in Rs. Authorised share Capital 2,00,00,000 Equity Shares of ₹ 1 each 2,00,00,000/- Issued, Subscribed and Pai .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e appended with the petition at pages 231 to 252-A. There are four unsecured creditors of petitioner company I, as per Annexure P-7. All of them have consented to the scheme. Their consent letters/ no objections are appended with the petition at pages 254 to 272. Petitioner Company II is having two equity shareholders (Annexure P-16). Both of them have given their consent to the scheme of arrangement and their consent letters/ no objections are appended at pages 341 to 348. There is no secured o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ditors of the Petitioner Company-II, except Equity Shareholders of Petitioner Company-I, for which convening of their meeting has been prayed for. The petitioner companies have confirmed that there are no investigations or proceedings pending against them under Sections 235 to 251 of the Act. The Scheme is for the benefit of all the members of the companies. The creditors of the companies are in no way affected or prejudiced by the approval of the scheme. In this view of the aforesaid factual ma .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

I. As far as the prayer of counsel for the petitioner regarding convening the meeting of Equity Shareholders of the Petitioner Company-I, is concerned, the prayer is justified. Accordingly, it is directed that a meeting of Equity Shareholders of the Petitioner Company I be convened as per following schedule:- Venue Date Time 119, Udyog Vihar, Phase-I, Gurgaon (Haryana) 23.1.2016 10.00 A.M. For convening the meeting of equity shareholders of the Petitioner Company-I, I appoint Shri Ashwinie Kumar .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version