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TMI Blog2012 (7) TMI 1048X X X X Extracts X X X X X X X X Extracts X X X X ..... ies Limited Ltd with MVL Industries Limited. A copy of the proposed Scheme of Amalgamation is filed along with the Application. 2. The registered offices of both the Transferor and Transferee Companies are situated within the National Capital Territory of Delhi and are within the jurisdiction of this Court. 3. Details with regard to the date of incorporation of Transferor and Transferee Companies, their authorized, issued, subscribed and paid up capital have been given in the Application. 4. Copies of the Memorandum and Articles of Association as well as the latest audited Annual Accounts for the year ended 31st March, 2011 and 30th June, 2011 of the Transferor and the Transferee Company respectively have also been enclosed with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pany and Secured and Unsecured Creditors of the Transferee Company. Further, separate meeting of Equity Shareholders of the Transferee Company is proposed to be held under the supervision of this Court. 9. In view of the written consents/NOC given by all the Equity Shareholders of the Transferor Company, the requirement of convening meeting of Equity Shareholders of the Transferor Company is dispensed with. 10. In view of the written consents/NOC given by all the Unsecured Creditors of the Transferor Company, the requirement of convening meeting of Unsecured Creditors of the Transferor Company is also dispensed with. Since, the Transferor Company has no Secured Creditors, therefore, the requirement of convening their meeting does ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the proposed Scheme of Amalgamation. In view thereof and considering the settled law on the subject, the requirement of convening and holding the meetings of the secured and unsecured Creditors of the transferee company, to consider and if though fit, approve, with or without modification, the proposed scheme of amalgamation is dispensed with. 13.Separate meeting of Equity Shareholders of the Transferee Company is proposed to be held under the supervision of this Court. Consequently, I direct that separate meeting of Equity Shareholders of the Transferee Company shall be held on 4th August, 2012 at 2:30 p.m. at Shah Auditorium, Shree Delhi Gujrati Samaj Marg, Civil Lines, Delhi-110054. 14. Ms Ruchi Sindhwani, Advocate, Ce ..... X X X X Extracts X X X X X X X X Extracts X X X X
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