9911796707
TMI Blog2012 (12) TMI 799X X X X Extracts X X X X X X X X Extracts X X X X ..... eports filed by the Regional Director, Northern Region and the official liquidator to the proposed scheme of Arrangement, there appears to be no impediment to the grant of sanction to the Scheme of Arrangement - The petitioner companies will comply with the statutory requirements in accordance with law with filing certified copy of the formal order with the ROC within 30 days - this order will not be construed as an order granting exemption from payment of stamp duty or any other charges - Petitioner Companies would voluntarily deposit a sum of Rs. 1 Lac in the Common Pool fund of the Official Liquidator within three weeks from today. - Company Petition No. 378 of 2012 - - - Dated:- 7-12-2012 - INDERMEET KAUR, J. Throu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he aforesaid News papers on 17.10.2012, copies of the news papers cuttings, in original, containing the publications have been filed with the affidavit of service. Pursuant to the notices issued, the Official Liquidator sought information from the Petitioner Companies. Based on the information received the official liquidator has filed his report dated 04.12.2012 wherein he has stated that he has not received any complaint against the proposed Scheme from any person/ party interested in the Scheme in any manner and that the affairs of the Transferor company do not appear to have been conducted in a manner prejudicial to the interest of its members, creditors or to public interest. In response to the notices issued in the Petition, learn ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... same. In terms of the provisions of Section 391 and 394 of the Companies Act, 1956 and in terms of the Scheme, the whole or part of the undertaking, the property, rights and powers of the Transferor company be transferred to and vest in the Transferee Company without any further act or deed. Similarly, in terms of the Scheme, all the liabilities and duties of the Transferor Company be transferred to the Transferee company without any further act or deed. Upon the Scheme coming into effect, the Transferor Company shall stand dissolved without winding up. It is, however, clarified that this order will not be construed as an order granting exemption from payment of stamp duty or taxes or any other charges, if payable in accordance with any la ..... X X X X Extracts X X X X X X X X Extracts X X X X
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