1987 (4) TMI 396

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..... ny, has moved this petition under section 394 of the Companies Act, 1956, for the sanction of a scheme of amalgamation whereby the petitioner-companies Hindustan Computers Limited, Hindustan Reprographics Limited and Indian Computer Software Company Limited, are to amalgamate as transferor companies with Hindustan Computers Limited as transferee company. Notice of the petition was issued to the .....

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..... olders present in the meeting. The shortcomings pointed out have also been explained satisfactorily in the reply filed. As the exchange ratio of the shares proposed is not stated to be unfair to the shareholders, it is not necessary to deal with the shortcomings pointed out in the objection petition in detail. I am, therefore, satisfied that the scheme of amalgamation is not prejudicial and detrim .....

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