9911796707
TMI Blog1995 (3) TMI 351X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Companies Act, 1956 has been filed with a prayer that the scheme of amalgamation of K.R. Stampings Pvt. Ltd. and Krishna Laminations Pvt. Ltd. be sanctioned. 2. By an order dated July 15, 1994 passed in Company Petition 76 of 1994, both the companies were directed to convene separate meetings of their shareholders and creditors for the purpose of considering and if thought fit approvin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... therefore, no objection if the scheme is sanctioned. Dr. A.R. Doshi, Regional Director, Northern Region, Department of Company Affairs, has also filed an affidavit and in his opinion too the affairs of M/s. K.R. Stampings Pvt. Ltd. do not appear to have been conducted in a manner prejudicial to the interest of its members or public interest. It has, however, been represented that the proposed sch ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... duced before the Central Government in 1994 when the scheme was proposed or even thereafter because the same could be prepared only after the accounting period was over. There does not appear to be any merit in the objection raised on behalf of the Regional Director which has not even been seriously pressed. 5. For the reasons mentioned in the petition that necessitated the scheme of amalgamat ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
