2015 (5) TMI 833

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..... mpany 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. - Application approved. - COMPANY APPLICATION (MAIN) NO. 41/2015 - - - Dated:- 8-5-2015 - SUDERSHAN KUMAR MISRA, J. For The Appeallant : Through Mr. Tariq Muneer, Advocate JUDGMENT : 1. .....

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..... 5th October, 1994 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 4. The transferee company was incorporated under the Companies Act, 1956 on 24th July, 1996 with the Registrar of Companies, NCT of Delhi Haryana at New Delhi. 5. The present authorized share capital of the transferor company is ₹ 50,00,000/- divided into 5,00,000 equity shares of ₹ 10/- eac .....

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..... have also been filed. 8. A copy of the Scheme of Amalgamation has been placed on record and the salient features of the Scheme have been incorporated and detailed in the application and the accompanying affidavit. It is claimed by the applicants that the proposed Amalgamation would result in consolidation and simplification of the group structure; reducing operational and compliance costs, ach .....

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..... t, 1956 are pending against the applicant companies. 11. The Board of Directors of the transferor and transferee companies in their separate meetings held on 10th March, 2014 have unanimously approved the proposed Scheme of Amalgamation. Copies of the Resolutions passed at the meetings of the Board of Directors of the transferor and transferee companies have been placed on record. 12. The tr .....

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..... heir 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 transferee company to consider and, if thought fit, approve, with or without modification, the proposed .....

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