9911796707
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (1) TMI 483 - HC - Companies LawAmalgamation - Held that - Out of the 338 votes, which were duly polled at the meeting, 337 equity shareholders voted in favour of the resolution and one equity shareholder voted against the resolution. Since 99.7041 per cent of the equity shareholders who cast valid votes, voted in favour of the resolution, resolution was passed on the basis of majority votes. It is reported that no investigation proceedings are pending under sections 235 to 250A of the Companies Act and there is also no winding up proceedings against the petitioner-Company. There are no objections to the Scheme except that AS 14 is directed to be observed. An undertaking affidavit has been given by the company in this regard. Accordingly the order is passed approving the Scheme of Amalgamation as carried through in the resolution under the chairmanship of the person appointed by this Court subject to the sanctioning of Scheme by Bombay High Court.
In a High Court of Punjab and Haryana judgment from 2009, an application was filed under sections 391 to 394 of the Companies Act, 1956 for the approval of a Scheme of Amalgamation between Punjab Tractors Limited and M/s Norris analysis The,,,,
. ER E e of,, ,,,, ,,, ,, ,,,, ,,,, I-EN ,,,,,,,,,,,,,-Tovid E ( A2- (und, , R E A D M O R E The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. The post has been shared by 1 people. ar <|ipynb_marker|> Markdown Task 2: Analysis of the Judgement Please read the judgement provided above and answer the following questions. 1. What is the judgement about? 2. Which companies are involved in the case? 3. What is the main object of the petitioner-Company? 4. What are the salient features of the Scheme? 5. What was the decision of the Hon'ble Court on 18-9-2008? <|ipynb_marker|> Markdown Task 2: Answer (1) The judgement is about an application that has been filed under sections 391 to 394 of the Companies Act, 1956 for the approval of the Scheme of Amalgamation between Punjab Tractors Limited and M/s Mahindra and Mahindra Limited. (2) The companies involved in the case are Punjab Tractors Limited (transferor company) and M/s Mahindra and Mahindra Limited (transferee company). (3) The main object of the petitioner-Company was to engage in the business of manufacturing tractors. (4) The salient features of the Scheme include the transfer and vesting of the undertaking, transfer of assets and liabilities, and the continuation of proceedings by the transferee company. (5) The decision of the Hon'ble Court on 18-9-2008 was to dispense with the requirement of holding a meeting of the secured and unsecured creditors and to direct that the meeting of the equity shareholders be convened by the petitioner/transferor company for the purpose of considering and approving, with or without modifications, the Scheme of Amalgamation. <|ipynb_marker|> END OF DOC
|
