9911796707
TMI Blog2013 (10) TMI 1099X X X X Extracts X X X X X X X X Extracts X X X X ..... he undertaken, the property, rights and powers of the transfer or companies be transferred to and vest in the transferee companies without any further act or deed - all the liabilities and dues of the transfer or companies be transferred to the transferee company without any further act or deed - Upon the scheme coming into effect, the transfer or company shall stand dissolved without winding up - It was, 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 law, or permission/compliance with any other requirement which may be specifically required under any law - The statement is accepted. - CO.PET. 202/2012 - - - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies of the newspapers cutting, in original, containing the publications have been filed with the affidavit of service. 4 Pursuant to the notices issues, the Official Liquidator sought information from the petitioner companies. Based on the information received, the Official Liquidator has filed his report dated 06.08.2012 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. 5 In response to the notices issued in the petition, learned Regional Director, Northern Region, Mi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heme of arrangement. Consequently, sanction is hereby granted to the scheme of arrangement under sections 391 to 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 receipt of the same. In terms of the provisions of Sections 391 to 394 of the Companies Act, 1956 and in terms of the scheme, the whole or part of the undertaken, the property, rights and powers of the transfer or companies be transferred to and vest in the transferee companies without any further act or deed. Similarly, in terms of the scheme, all the liabilities and dues of the transfer or companies be transferred to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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