9911796707
TMI Blog1999 (11) TMI 789X X X X Extracts X X X X X X X X Extracts X X X X ..... tered office at 39B, Industrial Estate, Dada Nagar, Kanpur ('transferee-company'), with Shamil Industries (P.) Ltd., having its registered office at 39B, Industrial Estate, Dada Nagar, Kanpur ('transferor-company No. 1') and Avadh Udyog Ltd. having its registered office at 13/392. F, Civil Lines, Kanpur (Transferor-company No. 2'). 2. The petition has been filed on the allegations that the busine ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 30-4-1999 whereby the transferor-company was directed to convene meetings of its shareholders and creditors and if thought fit for approving with or without modification the proposed scheme. Sri K.M. Hajela, Advocate was appointed as Chairman and Sri Yashwant Verma, Advocate as the alternate Chairman. Similarly, the transferor-company No. 2 was also directed to convene its meetings of its shareh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ubmitted, this petition was filed for approving the Scheme of amalgamation. On the petition, notice was issued to the Regional Director, Department of Company Affairs, Kanpur and the Official Liquidator, Allahabad High Court. The notice was also directed to be published in the newspapers "Times of India" (Lucknow edition) and "Dainik Jagran" (Kanpur edition) for submitting the objection and hearin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... horised capital for this purpose. 6. Today on behalf of the transferee-company an affidavit of Rashid Jamal, its Director has been filed. In para 6 of the affidavit, it has been stated that after considering the aforesaid report of the Official Liquidator, the company vide its resolution dated 1-10-1999, passed at the Extra-ordinary General meting of the shareholders of the transferee-company, th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The Scheme of Amalgamation (Annexure '4' to the petition) is sanctioned and approved subject to resolution dated 1-10-1999 at the transferee- company. The transferor-company No. 1, namely, Shamil Industries (P). Ltd. and transferor-company No. 2, namely, Avadh Udyog Ltd. are hereby ordered to be resolved in accordance with the provisions of section 394(1)(iv) of the Companies Act, 1956. 8. The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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