9911796707
TMI Blog2016 (2) TMI 133X X X X Extracts X X X X X X X X Extracts X X X X ..... . BY THE COURT The instant company petition has been filed under Sections 391 to 394 of the Companies Act, 1956 (hereinafter the Act of 1956 ) inter alia with the prayer that the scheme of amalgamation (Annexure-5) may be sanctioned so as to be binding on the petitioner-Company-Samiran Jaipur Windfarms Private Ltd. (hereinafter the second transferor Company ) and their respective shareholders and creditors. The facts in brief are that the petitioner-second transferor company was incorporated on 11.07.2003 at its registered office at Jaipur. In the Board meeting held on 12.02.2015 the scheme of amalgamation of the petitionercompany with transferee company-Tanti Holdings Pvt. Ltd. was approved, the objects and benefits of which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... comply with the applicable provisions of the Income Tax Act, 1961. Also the Official liquidator attached this Court has also filed his report on 10.09.2015 wherein also it has been concluded that the affairs of the petitioner transferor company have not been conducted in a manner prejudicial in the interest of its members, creditors and public at large and the Official Liquidator has no objection against the sanctioning of the scheme. Heard and considered the submissions made by the counsel for the petitioner, the Regional Director, Ministry of Corporate Affairs as well as the Official Liquidator and examined the material placed on record. The scope of the Company Court sitting over an application for sanctioning a scheme of amalg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt does hereby sanction the scheme of amalgamation set forth in Annexure-5 and Schedule appended to the Company Petition and does hereby declare the same to be binding on creditors and equity shareholders of both the Transferor and Transferee Companies. The parties to the amalgamation or other persons interested shall be at liberty to apply to this Court for any directions that may be necessary in regard to the working of the amalgamation. The order in prescribed Form No.42 be issued separately by the Registrar as per Rule 84 of Companies (Court) Rules, 1959. The said companies may file with the Registrar of Companies as certified copy of this order within fourteen days. The Official Liquidator shall be entitled to ₹ 5,000/- ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
