TMI Blog2021 (9) TMI 171X X X X Extracts X X X X X X X X Extracts X X X X ..... Company No. 1), and De Gros International Limited (Transferor Company No. 2) are going to merge into Krantz Hermitage Private Limited (Transferee Company), with effect from 01.04.2020, being the appointed date. 2. The Transferee Company, KRANTZ HERMITAGE PRIVATE LIMITED, (FORMERLY KONARK TRASALES AND FINANCE PVT. LTD.) (CIN NO: U74110WB1995PTC072698 and having PAN No. AACCK1496M) was originally incorporated on the 7th day of July, 1995 as a Company limited by shares under the provisions of the Companies Act, 1956. The Registered Office of the Transferee Company is situated at Ambuja Eco Suite Business Tower Suite No. 307, Plot-II-D/22, AA-2, New Town, Kolkata- 700157. The Transferee Company has an Authorized Share Capital of Rs. 30,00,000/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and other products made partly or wholly of coir, synthetic or natural rubber. 4. The Transferor Company No. 2, DE GROS INTERNATIONAL LIMITED, (FORMERLY TOBU INTERNATIONAL LIMITED) (CIN NO: U51909WB1995PLC074941 and having PAN No. AABCT8949H) was originally incorporated on the 18th October, 1995 as a Company limited by shares under the provisions of the Companies Act, 1956. The Registered Office of the Company is situated at Ambuja Eco Suite Business Tower Suite No. 307, Plot-II-D/22, AA-2, New Town, Kolkata- 700157. The Company has an Authorized Share Capital of Rs. 1,00,00,000/- divided into 1000000 equity shares of Rs. 10/- each and Issued, Subscribed Paid up Capital of Rs. 1,00,00,000/- divided into 1000000 Equity Shares of Rs. 10/- ea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been submitted in the application that the proposed Scheme will result in economies of scale, reduction in overheads and other expenses, and reduction in administrative procedural work, elimination of duplication of work, better and more productive and effective utilization of the combined resources of all the companies and will enable the amalgamated companies to effect internal economies and optimize productivity. 10. It has been submitted in the application that the said Scheme will result in optimum growth and development of the business of the companies concerned and exploration of the potential thereof. The said Scheme will enable the undertaking and business of all the Companies to contain greater facilities for raising capital, se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Application that there is no Secured or Unsecured Creditors in the Applicant Companies as per the certificate provided by the Auditor which has been annexed with the application and marked as Annexure 'A-9". 17. The respective Auditors of the Applicant Companies have certified that there are no secured and unsecured creditors in the Applicant Companies. 18. It has been submitted in the Application that the assets of the Applicant Companies are sufficient to meet all their liabilities and the Scheme of Amalgamation will not adversely affect the rights of any of the creditors of any of the Applicant Companies in any manner whatsoever. 19. It is stated in the Application that there are no proceedings pending under Sections 235 to 251 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through the Regional Director, Eastern Region, Ministry of Corporate Affairs, Kolkata, Registrar of Companies, West Bengal, and the concerned Assessing Officer along with the Chief Commissioner of Income-Tax with PAN Numbers of the Applicant Companies through E-Mail and by Speed Post, both, as also on the Official Liquidator, High Court, Calcutta, having jurisdiction over the Applicant Companies, and such other relevant sectoral regulators/authorities, if applicable, which are likely to be affected by the proposed scheme, by sending the same by hand delivery through Special Messenger or by registered post or by Speed Post, by E-Mail, both, within fourteen days from the date of this order for filing their representation, if any, on the Appl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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