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TMI Blog2012 (8) TMI 27X X X X Extracts X X X X X X X X Extracts X X X X ..... further act or deed be transferred to and vest in the Transferee Company - Petitioner Companies would voluntarily deposit a sum of Rs. 1,00,000/- in the Common Pool fund of the Official Liquidator - scheme ao amalgamation granted. - Co. Pet. No. 121/2012 - - - Dated:- 25-7-2012 - MS. JUSTICE INDERMEET KAUR, J. Mrs. Malini Sud, Advocate with Mr. Salil Seth and Ms. Aditi Sharma, Advocates for Petitioner Companies Mr. Rajiv Bahl, Advocate for Official Liquidator. Mr. K.S. Pradhan, Deputy Registrar of Companies for Regional Director (Northern Region). INDERMEET KAUR, J. (Oral) 1. This second motion joint Petition has been filed under Sections 391(2) and 394 of the Companies Act, 1956 by the abovenamed Petitioner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany in lieu of the shares held by the Transferee Company. Subsequently, upon the coming into effect of this Scheme, the authorized Share Capital of the Transferee Company shall automatically stand increased without any further act, deed or thing on the part of the Transferee Company including payment of stamp duty and fees, if any, payable to the concerned Registrar of Companies under the Companies Act, 1956, by the authorized share capital of the Transferor Company amounting to Rs. 250,000,000/-, which would be reorganized in the following manner: Particulars Amount (Rs.) (In Lacs) Authorised: 50,000,000 Equity Share of Rs. 10/- Each 5000.00 TOTAL Issued, Subscribed Paid-Up ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpliance regarding service of the Petition on the Regional Director, Northern Region and the Official Liquidator and also regarding publication of citations in the aforesaid newspapers on 10.04.2012. Copies of the newspaper s cutting, in original, containing the publications have been filed along with the Affidavit of Service filed on behalf of the Petitioner Companies. 10. An Application being C. A. (M) No. 1254/2012 under Rule 9 of the Company Court Rules, 1959 was also filed on behalf of the Petitioners, inter alia, praying as follows -: a. pass an order to the effect that typographical error in clause 19.4 in the Scheme of Amalgamation as stated in para 3 above stands corrected; and b pass an order stating that date 01.04.2011 w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... received any objection pursuant to citations published in the newspapers. 14. In view of the approval accorded by the Shareholders and Creditors of the Petitioner Companies; representation / reports filed by the Regional Director, Northern Region and the Official Liquidator, attached with this Court to the proposed Scheme of Amalgamation, there appears to be no impediment to the grant of sanction to the Scheme of Amalgamation. Consequently, sanction is hereby granted to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956. The Petitioner Companies will comply with the statutory requirements in accordance with law. Certified copy of the order be filed with the Registrar of Companies within 30 days from the da ..... X X X X Extracts X X X X X X X X Extracts X X X X
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