TMI Blog2022 (10) TMI 1014X X X X Extracts X X X X X X X X Extracts X X X X ..... nies, and the consent affidavit on behalf of the creditors of the Transferee Company, the requirement of convening and holding separate meeting of the Creditors of the Applicant Companies is also dispensed with. The present Company Application deserves to be allowed - the scheme is approved - application allowed. - C. A. ( CAA ) No. 08/GB/2022 - - - Dated:- 30-9-2022 - Deep Chandra Joshi , Member ( J ) And Prasanta Kumar Mohanty , Member ( T ) ORDER Deep Chandra Joshi , Member ( J ) 1. The present application has been filed under Sections 230 to 232 of the Companies Act, 2013, read with the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, with the object to obtain sanction of this Tribunal to a Scheme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. 5.2. The proposed amalgamation is likely to create synergies by consolidating ownership and will result in achieving a simple and transparent ownership structure. 5.3. The proposed amalgamation will lead to reduction of administrative cost and overhead expenses which would further lead to greater and effective executive control, synergy of operations and optimum of utilization of available resources. 5.4. The proposed amalgamation will also result in significant reduction in the multiplicity of legal and regulatory compliances required at present to be carried out by the Companies and will enable better leverage of facilities, infrastructure and human resources and better administration of the business operations. 5.5. The pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fied by the Statutory Auditors of the 'Jaguar Housing'/Transferor Company No. 2 has been annexed herewith. 6.4. The total number of Equity Shareholders in the 'Vedik Agencies'/Transferor Company No. 3 are 3 (Three). A copy of list of Equity Shareholders duly certified by the Statutory Auditors of the 'Vedik Agencies'/Transferor Company No. 3 has been annexed herewith. 6.5. The total number of Equity Shareholders in the 'Vedik Distributors'/Transferor Company No. 4 are 3 (Three). A copy of list of Equity Shareholders duly certified by the Statutory Auditors of the 'Vedik Distributors'/Transferor Company No. 4 has been annexed herewith. 6.6. The total number of Equity Shareholders in the 'P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... om the Statutory Auditor of the 'Vedik Distributors'/Transferor Company No. 4 certifying the NIL Creditors as on 22.02.2022 has been annexed herewith. 6.14. The Pre-Merger Shareholding and Post Merger Shareholding of the Transferee Company has also been annexed. 6.15. The Statutory Auditors of the Transferee Company and the Transferor Companies have certified that the Accounting treatment proposed in terms of Part-VII of the Scheme is in conformity with the Accounting Standard AS-14 issued by The Institute of the Chartered Accountants of India (ICAI) and as per Section 133 of the Act prescribed under Section 133 of the Companies Act, 2013. The Certificate issued by the Statutory Auditors has been annexed herewith. 6.16. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under Rule 6 (to the extent applicable) to: a. The Central Government through Regional Director, North Eastern Region, Guwahati b. The Registrar of Companies, NER, Guwahati c. The Official Liquidator, NER, Guwahati d. The Income Tax Authority concerned having jurisdiction over the affairs of the Companies by informing that their representations, if any, are to be made within a period of 30 days from the date of receipt of such notice, failing which it would be presumed that they have no objections to make on the proposed Company Scheme/proposal. Such notices shall be sent forthwith by registered post or by speed post or by courier or by hand delivery at the office of the above authorities as required by sub-rule (2) of the Rule ..... X X X X Extracts X X X X X X X X Extracts X X X X
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