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TMI Blog2012 (3) TMI 170X X X X Extracts X X X X X X X X Extracts X X X X ..... he basic requirement of the scheme and also considering the fact that neither the Regional Director nor the official liquidator have raised any objections with regard to the scheme, the scheme as proposed requires to be approved. - scheme of amalgamation allowed - CO. PETITION NO. 201 OF 2011 - - - Dated:- 17-2-2012 - A.S. BOPANNA, J. Uday Shankar for the Petitioner. ORDER 1. The I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... editors which was permitted by this Court vide order dated 10.11.2011. Subsequent thereto, the instant petition has been filed. 4. The notice of the petition was issued to the Registrar of Companies and the Official Liquidator. The notice was published on 15.12.2011 in 'The Hindu' and 'Kannada Prabha' daily newspapers notifying the filing of this petition. Insofar as the scheme of amalgamation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e that as it may, this court had appointed M/s. Ramanuja and Company-Chartered Accountants to scrutinize the books of account and the records of the petitioner-Transferor Company. The report filed by the official liquidator has reference to the said appointment made by this Court and the report dated 03.02.2012 submitted by the Chartered Accountants. The official liquidator on perusal of the same ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e of the staff or the employees or whosoever may he effected have raised any objections with regard to their rights, Hence, it is not prejudicial to their interest, since they would be continuing in the Transferee-Company and the shareholders would be allotted shares of the Transferee-Company, the rates for which has been worked out by the experts. Thus, taking notice of the basic requirement of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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