TMI Blog2022 (1) TMI 619X X X X Extracts X X X X X X X X Extracts X X X X ..... llknown Enterprises P. Ltd. (applicant-company No. 3), Wellknown Hitech Projects P. Ltd. (applicant-company No. 4), Wellknown Landmark Ventures P. Ltd. (applicant-company No. 5), Wellknown Logistics P. Ltd. (applicant-company No. 6), Wellknown Synthetics P. Ltd. (applicant-company No. 7), Wellknown Technologies P. Ltd. (applicant-company No. 8) and Wellknown Textile Industries P. Ltd. (applicant-company No. 9) ( collectively applicant-companies ) are entering into a scheme of arrangement and amalgamation ( scheme ). 3. Learned counsel for the applicant-companies submits that all of applicant-company No. 1 is engaged in the business of to undertake and carry on the trades and business of export and import, consolidators, shippers, ship-owners, container repairers and hirers, ship brokers, shipping agents, carriers, multi model carriers including but not limited to the transportation by rail, road, air and sea or a combination thereof, carrying and forwarding agents, ship and/or air charterers, ship managers, tug-owners, loading brokers, freight contractors, carriers by water transport, haulage, cargo owners, shipping engineers, ship stores, ship merchants, ship husbands, stevedor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nels, warehouses, multistorey buildings, complexes, shopping malls, dams, bridges, etc. 7. Applicant-company No. 5 is engaged in the business of do business of construction, building, operating, managing roads, bridges, highways, ports, industrial and software technology parks sewage and drainage systems and various other infrastructure projects in India or elsewhere and in that respect to lay, out, develop, construct, build, erect, demolish, re-erect, alter, re-model or do any other work in connection with any building scheme, roads, highways, expressways, docks, ships, sewers, bridges, flyovers, tramways, metros, ropeways, monorails, canals, wells, springs, multi-storeyed, power plants, wharves, ports, reservoirs' embankments, irrigation improvements, sanitary, water, gas, electric light, telephonic and power supply works or any other structural or architectural work of any kind whatsoever and for such purpose to prepare estimates designs, plants specifications or models and to such other or any act that may be the requisite thereof and to purchase, acquire, take on lease, or in exchange or in any other lawful manner any other land, building, multi-storied structures and t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stems/technology led interactive or otherwise education to students, corporates and homes across the globe, setting up learning network centres and education institutions and to building content and design education deliver/methods through television, computer, multimedia, internet VSAT, DTH and other Emerging Technologies to source and distribute service relevant to audiences address by the education network. 11. Applicant-company No. 8 is to be carry on the business of manufacturing, importing, exporting, buying, selling and to acquire comb, prepare, spin, twist, dye and deal in flax, hemp, jute, wool, cotton, silk, art-silk, synthetic and other fibres thereof, and to weave buy, sell and otherwise deal or traffic in yarn, cloth and other fibrous products including dressing and furnishing materials, rope, fish netting and other nets, parachutes, tents, uniforms, ready-made garments, made-ups, carpet and carpet backing, blankets, padding knitted goods, woven and non-woven bags, hosiery, gloves, sewing thread, tire cord and hose belts. 12. Learned counsel for the applicant-companies submits that the board of directors of the applicant-companies vide resolution dated August 14, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... feree company shall issue 7 (seven) equity shares of applicant-company No. 9 of face value of ₹ 10 (ten) each fully paid-up for 4 (four) equity shares of face value of ₹ 10 (ten) each fully paid held by shareholders in applicant-company No. 4 as on the record date. Share exchange ratio : Applicant-company No. 9, i. e., the transferee company shall issue 15 (fifteen) equity shares of applicant-company No. 9 of face value of ₹ 10 (ten) each fully paid up for 13 (thirteen) equity shares of face value of ₹ 10 (ten) each fully paid held by shareholders in applicant-company No. 5 as on the record date. Share exchange ratio : Applicant-company No. 9, i. e., the transferee company shall issue 4 (four) equity shares of applicant-company No. 9 of face value of ₹ 10 (ten) each fully paid up for 3 (three) equity shares of face value of ₹ 10 (ten) each fully paid held by shareholders in applicant- company No. 6 as on the record date. Share exchange ratio : Applicant-company No. 9, i. e., the transferee company shall issue 55 (fifty five) equity shares of applicant-company No. 9 of face value of ₹ 10 (ten) each fully paid-up for 17 (seventeen) e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... holding and convening of the meetings of the creditors of the applicant-companies concerned. Copies of these consent affidavits are annexed to the company application. 19. In view of the fact that all the unsecured creditors of all the applicant- companies have given their consent affidavits, the meetings of the unsecured creditors of all the applicant-companies are hereby dispensed with. 20. The applicant-companies are directed to serve notices of present application along with its enclosures upon : (i) the Central Government through the Regional Director, Western Region, Ministry of Corporate Affairs ; (ii) the Registrar of Companies at Mumbai ; and (iii) the Income-tax Authority at DCIT, Circle 4(3)(1) (for applicant-company No. 1 having PAN No. AADCB5029Q), DCIT, Circle (4)(3)(1) (for applicant-company No. 2 having PAN No. AAACW2820R), ITO Ward 3(3)(3) (for applicant-company No. 3 having PAN No. AAHCA2927L), DCIT, Circle 4(3)(1) (for applicant- company No. 4 having PAN No. AAACW2931R), ITO Ward (3)(1) (for applicant-company No. 5 having PAN No. AAACW9220D), ITO Ward 4(3)(1) (for applicant-company No. 6 having PAN No. AAACW9221C), DCIT, Circle 4(1)(1) (for applicant-compan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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