TMI Blog2016 (4) TMI 1374X X X X Extracts X X X X X X X X Extracts X X X X ..... etitioner company. The said scheme as framed is not violative of any statutory provisions - The scheme as formulated is fair, just, sound and is not contrary to any public policy or public interest. No proceedings appear to be pending under the provisions of Sections 231 to 237 of the Companies Act, 1956. All the statutory provisions appear to have been complied with. Consequently, there shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Director Ministry of Company Affairs,Chennai. ORDER This company petition is preferred under sections 391 to 393 of the Companies Act, 1956 for sanctioning the scheme of arrangement and compromise (in short the Scheme) between the petitioner company, viz., Cognizant Technology Solutions India Private Limited and its shareholders, with effect from the date on which the sanctio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 282 of 2016, dispensed with the convening, holding and conducting of the meeting of the shareholders for the purpose of considering and if thought fit, approving with or without modification, the scheme conceived by the petitioner company involving arrangement and compromise with their shareholders. 4. Upon notice being issued, the Regional Director, Ministry of Company Affairs has file ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iz., Cognizant Technology Solutions India Private Limited and its shareholders, with effect from the date on which the sanctioned Scheme is filed with the Registrar of Companies, Chennai, Tamil Nadu by the petitioner company, as the procedure laid down under Sections 391 to 393 of the Companies Act are duly complied with. The petition is allowed. 6.1. It is made clear, that this order w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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