TMI Blog2009 (5) TMI 553X X X X Extracts X X X X X X X X Extracts X X X X ..... ition has been presented under sections 391 to 394 of the Companies Act, 1956 (for short, "the Companies Act"), seeking sanction of the Scheme of Amalgamation by the Court. 2. The Scheme of Amalgamation proposes merger of the petitioner transferor-company into transferee-company on the terms and conditions stipulated in it. The Board of Directors of the petitioner transferor-company have appro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany. 4. Notices have been served upon the Official Liquidator and Regional Director, Ministry of Corporate Affairs, Noida and also published in the Newspapers. The Official Liquidator has no objection. However, the Regional Director has raised objection that the petitioner-company be asked to furnish an undertaking that it shall comply with the Accounting Treatment as prescribed under Accou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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