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TMI Blog2014 (1) TMI 1821X X X X Extracts X X X X X X X X Extracts X X X X ..... hareholder is sought and is hereby granted. - Company Application No. 7 of 2014 - - - Dated:- 8-1-2014 - R. M. Chhaya, J. For the Applicant : Vaibhavi K. Parikh For the Applicant : Tushar P. Hemani ORDER 1. The present application has been preferred by Sava Healthcare Limited (one of the Transferor Companies) under Sections 391 to 394 of the Companies Act, 1956 in a proposed Scheme of Arrangement in the nature of Amalgamation of two group Companies with Anagha Pharma Private Limited, the Transferee Company. 2. Heard Ms. Vaibhavi Parikh, learned advocate for the Applicant Company. It is submitted that all the Equity Shareholders and sole Preference Shareholder of the Applicant Transferor Company have given their appr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as proposed, between the Applicant Company and its Creditors. 5. That at least 21 clear days before the meetings be held, as aforesaid, a notice convening the said meetings, indicating the day, the date, the place and the time as aforesaid, together with a copy of the Scheme of Amalgamation, a copy of the Explanatory Statement required to be sent under Section 393 of the Companies Act, 1956 and the prescribed form of proxy, shall be sent by a prepaid letter posted under Book Post, addressed to each of the Secured Creditors and Unsecured Creditors of the Applicant Company, at their last known address. The said list of the Creditors with their names and addresses shall be placed on record by the Applicant Company. A Certificate shall be o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... osed at any of the meetings by any person(s); adjourning any of the meetings to another day, if so required and to ascertain the decision of the meetings on a poll. 9. The quorum for the meeting of the Secured Creditors shall be 2 (Two) Authorized Representatives present in person or by proxy and quorum for the meeting of Unsecured Creditors shall be 5 (Five) Authorized Representatives present in person or by proxy. 10. Voting by proxy is permitted provided that the proxy in the prescribed form and duly signed by the person entitled to attend and vote at the aforesaid meetings, or by his Authorized Representative, is filed with the Applicant Company at its Registered Office at Surendranagar, not later than 48 hours before the said mee ..... X X X X Extracts X X X X X X X X Extracts X X X X
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