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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 ..... ter 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 further submit the rationale for the Scheme is that the merger (by absorption) would result in the following benefits to the Transferee Company and the shareholders of the Transferor Companies and the Transferee Company: a) The Transferor Company and the Transferee Company are under the same management. With a view to maintain a simple corporate structure and eliminate duplicate corporate procedures it i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... "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 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. 7. That the meeting of the Equity Shareholders of the Third Applicant Compan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 statement required to be furnished pursuant to Section 230(3) of the Companies Act, 2013 read with Rule, 6 of the companies (Compromises, Arrangements and Amalgamations) Rule, 2016 and the Form of Proxy can be obtained free of charge at the Registered Office of the First, Second and Third Applicant Company as aforesaid and / or at the office of its Company Secretary on record, M/s Anshul Bhatt & Associates, 57, Popular Arcade, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 before the aforesaid meetings. 15. That the value and number of the shares of each Equity Shareholder shall be in accordance with the books / register of the Applicant Companies and where the entries in the books / register are disputed, the Chairman of the Meetings shall determine the value for the purpose of the aforesaid meetings and his decision in that behalf would be final. 16. That Mr. Anshul Bhatt (Proprietor), Anshul Bha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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 are made, ie (a) (PAN NO: AAACZ5518P, Ward 8(3)(4) ), Aaykar Bhavan, Mumbai), in so far as First Applicant Company is concerned, (b) (PAN NO: AACCH8729E, Ward 12(2)(4) ), Aaykar Bhavan, Mumbai), in so far as Second Applicant Company is concerned (c) (PAN NO: AAFCA3325E, Ward 3(1)(1) ), Aaykar Bhavan, Mumbai), in so far as Third Applicant Company is concerned, (ii) the Central Government through the office of Regional Director, Western region, M ..... X X X X Extracts X X X X X X X X Extracts X X X X
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