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TMI Blog2015 (3) TMI 326X X X X Extracts X X X X X X X X Extracts X X X X ..... ions 391 and 394 of the Companies Act, 1956. The Petitioner Companies will comply with the statutory requirements in accordance with law. - Scheme of amalgamation approved. - CO. PET 369/2014 - - - Dated:- 11-9-2014 - Sanjeev Sachdeva,JJ. For the Petitioner : Mr. Ashish Midha, Advocate For the Official Liquidator : Mr. P. K. Mallik, Mr. S. B. Gautam ORDER Sanjeev Sachdeva, J (Oral) 1. This second motion joint Petition has been filed under 391 394 read with section 100 to 104 of the Companies Act, ( Act ), 1956, in connection with the Scheme of Amalgamation ( Scheme ) of Supreme Payment Services Private Limited (hereinafter referred to as Transferor Company No.1) , United Forex Private Limited (hereinafter referre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ition seeking sanction to the Scheme of Amalgamation. Vide order dated 3rd September , 2014, notice of the Petition was directed to be issued to the Regional Director, Northern Region and the Official Liquidator attached with the Court. Citations were also directed to be published in Business Standard in English and Hindi. The same were published on 13th August in Veer Arjun in Hindi and 14th August 2014 in English in Business standard as per the orders of the Court. Affidavit of Publication has been filed by the Petitioners showing compliance regarding publication of citations in the aforesaid newspaper. Copies of the newspaper cuttings, in original, containing the publications have also been filed. 9. In response to the notice issued ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ward money transfer services in association with Money Gram of USA. Further Regional Director states that Petitioner/ Transferee Company be directed to submit an undertaking to comply with the Reserve Bank of India Guidelines as regards to FEMA for foreign transactions. 12. In response to the aforesaid observation, the Petitioner Transferee Company has undertaken by way of an affidavit that it will comply with the Reserve Bank of India Guidelines as regards to FEMA for foreign transactions. 13. In view of the aforesaid clarifications and undertaking given by the Petitioners, the concerns of the Regional Director have been duly addressed. 14. No objection has been received to the Scheme of Amalgamation from any other party. Mr. Sush ..... X X X X Extracts X X X X X X X X Extracts X X X X
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