2015 (11) TMI 1706

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..... d under the Companies Act, 1956 (for short, 'the Act'), duly supported by affidavit, the petitioner- company seek dispensation of the meetings of their Equity Shareholders, Compulsory Convertible Redeemable Preference Shareholders, Secured and Un-secured Creditors for sanctioning of the Scheme of Amalgamation (Annexure P-1) of CSAV Group (India) Limited (Petitioner/Transferor Company ) wit .....

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..... to 50,000 equity shares of Rs. 10/- each. The issued, subscribed and paid up share capital of the company was Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10/- each. The compulsory convertible preference share capital of the Petitioner/ Transferor Company on 31.3.2015, was Rs. 5,95,00,000/- divided into 59,50,000 equity shares of Rs. 10/- each. The issued, subscribed and paid up share .....

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..... that the entire issued, subscribed and paid up equity share capital of the Transferor Company is held by the Transferee company and/ or its nominee(s), no consideration shall be payable pursuant to the amalgamation of Transferor company into Transferee Company. The petitioner companies have confirmed that there are no investigations or proceedings pending against them under Sections 235 to 251 of .....

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