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TMI Blog2015 (5) TMI 196X X X X Extracts X X X X X X X X Extracts X X X X ..... transferor companies to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. - The application approved. - COMPANY APPLICATION (MAIN) NO. 40/2015 - - - Dated:- 23-4-2015 - Sudershan Kumar Misra, J. For the Appellant : Mr. Praveen Kumar Mittal Sudershan Kumar Misra, J. 1. This joint application has been filed under Sections 391 394 of the Companies Act, 1956 by the applicant companies seeking directions of this court to dispense with the requirement of convening the meetings of their equity shareholders, secured and unsecured creditors to consider and approve, with or without modification, the proposed Scheme of Amalgamation of Allied Trademart Private Limited (hereinafter referred to as the transferor company no.1); Anmol Advertising Private Limited (hereinafter referred to as the transferor company no.2); City Green Tour Travels Private Limited (hereinafter referred to as the transferor company no.3); Classic Corporate Consultancy Private Limited (hereinafter referred to as the transferor company no.4); Kuber Parivahan Private Limited (hereinafter referred to as the transferor company n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... esh certificate of incorporation on 13th May, 2010. 9. The transferor company no. 7 was incorporated under the Companies Act, 1956 on 17th February, 2009 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 10. The transferor company no. 8 was incorporated under the Companies Act, 1956 on 24th April, 2007 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 11. The transferor company no. 9 was incorporated under the Companies Act, 1956 on 9th June, 2010 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 12. The transferor company no. 10 was incorporated under the Companies Act, 1956 on 20th November, 2009 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 13. The transferor company no. 11 was incorporated under the Companies Act, 1956 on 6th February, 2008 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 14. The transferor company no. 12 was originally incorporated under the Companies Act, 1956 on 9th November, 2009 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi under the name and style of Vishay Electric Limited. The company changed its name to Visha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... scribed and paid-up share capital of the companies is ₹ 1,30,000/- divided into 13,000 equity shares of ₹ 10/- each. 24. The present authorized share capital of the transferor company no.8 is ₹ 5,00,000/- divided into 50,000 equity shares of ₹ 10/- each. The issued, subscribed and paid-up share capital of the companies is ₹ 4,98,000/- divided into 49,800 equity shares of ₹ 10/- each. 25. The present authorized share capital of the transferor company no.9 is ₹ 5,00,000/- divided into 50,000 equity shares of ₹ 10/- each. The issued, subscribed and paid-up share capital of the companies is ₹ 3,12,500/- divided into 31,250 equity shares of ₹ 10/- each. 26. The present authorized share capital of the transferor company no.10 is ₹ 10,00,000/- divided into 1,00,000 equity shares of ₹ 10/- each. The issued, subscribed and paid-up share capital of the companies is ₹ 2,00,000/- divided into 20,000 equity shares of ₹ 10/- each. 27. The present authorized share capital of the transferor company no.11 is ₹ 5,00,000/- divided into 50,000 equity shares of ₹ 10/- each. The issued, subscribed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... redited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor company no. 2. 116 equity shares of ₹ 10/- each of the transferee company, credited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor company no. 3. 93 equity shares of ₹ 10/- each of the transferee company, credited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor company no. 4. 09 equity shares of ₹ 10/- each of the transferee company, credited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor company no. 5 68 equity shares of ₹ 10/- each of the transferee company, credited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor company no. 6. 98 equity shares of ₹ 10/- each of the transferee company, credited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor company no. 7. 72 equity shares of ₹ 10/- each of the transferee company, credited as fully paid up, for every 100 equity shares of ₹ 10/- each held in the transferor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ning the meeting of the equity shareholders of the transferor company no. 2 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured or unsecured creditor of the transferor company no. 2, as on 9th February, 2015. 38. The transferor company no. 3 has 04 equity shareholders and 01 unsecured creditor. All the equity shareholders and the only unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 3 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 3, as on 9th February, 2015. 39. The transferor company no. 4 has 14 equity shareholders and 01 unsecured creditor. All the equity shareholders and the only unsecured creditor have given their consents/no objections in writi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the transferor company no. 7, as on 9th February, 2015. 43. The transferor company no. 8 has 07 equity shareholders and 03 unsecured creditors. All the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditors of the transferor company no. 8 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 8, as on 9th February, 2015. 44. The transferor company no. 9 has 11 equity shareholders. All the equity shareholders have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meeting of the equity shareholders of the transferor company no. 9 to consider and, if thought fit, approve ..... X X X X Extracts X X X X X X X X Extracts X X X X
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