9911796707
TMI Blog2005 (4) TMI 310X X X X Extracts X X X X X X X X Extracts X X X X ..... in the matter of consideration and approval of the scheme of amalgamation of (1) Shyam Microsat Limited, (2) Rajasthan Telecom Company Limited, (3) Shyam International Limited, (4) Shyam Cellular Infrastructure Projects Limited, and (5) Shyam Telecommunications (P.) Limited (hereinafter shall be referred to as the transferor companies ), in the petitioner Transferee Company. 2. Shri Paras Kuhad, the learned counsel for the petitioner transferee company, contended that the petitioner transferee company has seven shareholders and all have given no objection to dispensing with the meeting of the shareholders thereof; he further submits that there are five creditors of the petitioner transferee company and all have also given no objecti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rk, Jaipur-302 016 (Registered Office of the petitioner Transferee Company) 5.1 That at least 21 clear days before the day fixed for the meetings an advertisement convening the same and stating that copies of the said scheme of amalgamation and to the statements required to be furnished, shall be furnished, pursuant to section 393 of the Act, 1956 and forms of proxy can be obtained free of charge at the office of the petitioner transferee company or at the office of its Advocate, be advertised once in the local dailies, namely, Rajasthan Patrika and Dainik Bhaskar . 5.2 That at least 21 clear days before the meeting to be held as aforesaid, a notice convening the said meeting at the place and time aforesaid, together with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itioner transferee company at its registered office at B2-D, Shiv Marg, Bani Park, Jaipur-302 016 (Rajasthan) not later than forty-eight hours before the meetings scheduled to be held. 6.4 That the value of each creditor shall be in accordance with the books of the petitioner transferee company and, where the entries in the books are disputed, the Chairman shall determine the value for purposes of the meetings. 6.5 And, it is further ordered that the Chairman do separately report to this Court the result of the said meetings within seven days of the conclusion thereof, and the said reports shall be verified by his Affidavit. 7. With these directions the application accordingly stands disposed of. - - TaxTMI - TMITax - Corpor ..... X X X X Extracts X X X X X X X X Extracts X X X X
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