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TMI Blog2018 (5) TMI 1860X X X X Extracts X X X X X X X X Extracts X X X X ..... Mr. Anshul Bhatt i/b. Anshul Bhatt Associates., Company Secretaries ORDER Shri M.K. Shrawat, 1. The Counsel for the Applicants states that the present Scheme is a Scheme of Merger (by absorption) of ZEUS MULTITRADE PRIVATE LIMITED., HEXA PROPERTIES PRIVATE LIMITED, (collectively hereinafter referred as Transferor Companies ) into and with AGILITY MULTITRADE PRIVATE LIMITED. (hereinafter referred as Transferee Company ) and their respective shareholders. 2. The Counsel for the Applicants further submits that the First, Second, Applicant Companies are presently not engaged in any major business activity. The Third Applicant Company is presently having income from renting activities. 3. The Counsel for the Applicants ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .C. Market, Tardeo, Mumbai 4000034 on 20th June, 2018 at 10:00AM for the purpose of considering and, if thought fit, approving with or without modification(s) the proposed Scheme of Merger (by absorption) of ZEUS MULTITRADE PRIVATE LIMITED and HEXA PROPERTIES PRIVATE LIMITED, (collectively hereinafter referred as Transferor Companies ) into and with AGILITY MULTITRADE PRIVATE LIMITED. (hereinafter referred as Transferee Company ) and their respective Shareholders. 6. That the meeting of the Equity Shareholders of the Second Applicant Company be convened and held at 430 Fourth Floor, Arun Chamber, Near A.C. Market, Tardeo, Mumbai 4000034 on 20th June, 2018 at 11:00AM for the purpose of considering and, if thought fit, approving with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l be sent by Courier/ Registered Post/ Speed Post/ Hand Delivery or through Email (to those shareholders whose email addresses are duly registered with the First, Second and Third Applicant Company for the purpose of receiving such notices by email), addressed to each of the Shareholders of the First, Second and Third Applicant Company, at their last Known address or email addresses as per the records of the concerned Applicant Company. 9. That at least one month before the meetings of the Shareholders of the First, Second and Third Applicant Company to be held as aforesaid, a notice convening the said Meetings, indicating the place, date and time of meeting as aforesaid be published and stating that copies of the Scheme and the statemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Companies Act, 2013 in relation to the conduct of the meetings, including for deciding procedural questions that may arise at the meetings by any person(s). 13. That the quorum of the aforesaid meeting of the Equity Shareholders and shall be as prescribed under Section 103 of the Companies Act, 2013. 14. That Voting by proxy or authorized representative in case of body corporate be permitted, provided that a proxy in the prescribed form/authorization duly signed by the person entitled to attend and vote at the meetings, are filed with the First, Second and Third Applicant Company at their respective Registered Office(s) at A-406, The Capital Bandra Kurla Complex, Bandra East Mumbai 400051 not later than forty eight (48) hours be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... submits that the Scheme is an arrangement between the Applicant Companies and their respective shareholders only a meeting of the Equity Shareholders are proposed to be held in accordance with the provisions of Section 230(1)(b) of the Companies Act, 2013. This bench hereby directs the First, Second and Third, Applicant Companies to issue notice to all its Unsecured Creditors with a direction that they may submit their representations, if any, to the Tribunal and copy of such representations shall simultaneously be served upon the Applicant Companies. 20. The Applicant Companies are directed to serve notices along with copy of scheme upon:- (i) concerned Income Tax Authority with in whose jurisdiction the Applicant Companies assessments ..... X X X X Extracts X X X X X X X X Extracts X X X X
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