2013 (1) TMI 933

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... otice. 3. By this application the Applicant ( Transferee Company ) seeks dispensation from approaching the High Court of Bombay for sanction of the Scheme of Amalgamation ( Scheme ) of the Transferor company with the Transferee Company under Sections 391 and 394 of the Companies Act, 1956. 4. As far as the Transferor company is concerned, by an order dated 5 th December 2012 the Court had a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eld by the Transferee company and the Transferor company, therefore, is a wholly owned subsidiary of the Transferee company. 7. The question of a holding company having to obtain sanction for a scheme of amalgamation involving its subsidiary company has been considered by several High Courts, including this Court, in many cases, such as Auto Tools India Pvt. Ltd. [Co. Appl. (M) No. 41 of 2010], .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X