9911796707
TMI Blog2020 (9) TMI 654X X X X Extracts X X X X X X X X Extracts X X X X ..... tions) Rules, 2016 - The Applicant Companies to serve the notice on the concerned Income Tax Authority within whose jurisdiction, the Applicant Company No. 1 PAN:- AABCN1024D having his address at The Income Tax Officer, Range Code 923, AO Number 1, Ward 2(3)(1), Aayakar Bhawan, Churchgate, Mumbai-400020 and the Applicant Company No. 2 PAN:- AAACU7182L having his address at The Income Tax Officer, Range Code 921, AO Number 3, Ward 2(1)(3), Aayakar Bhawan, Churchgate, Mumbai-400020 wherethe respective Applicant Company s assessments are made, pursuant to Section 230(5) of the Companies Act, 2013 as per Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The appointed date is 14th August, 2019 - Connected Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and holding the meeting of the Equity Shareholders of the Applicant Company No.1 for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme of Amalgamation (by way of Merger by Absorption) of Andromeda Sales And Distribution Private Limited (First Applicant Company / Transferor Company) with Geosansar Advisors Private Limited (Second Applicant Company / Transferee Company) is dispensed with in view of the consent affidavits submitted by all the Equity Shareholders of the Applicant Company No.1, which are annexed as Exhibit L and M to the Company Scheme Application. 5. That the convening and holding the meeting of the Equity Shareholders of the Applicant Company No.2 for the purpos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... x hundred and forty three) as on the Appointed Date. The Counsel for the Applicant No.1 submits that there are 476 Unsecured Creditors having value of ₹ 2,53,91,205/- (Rupees Two Crores Fifty Three Lakhs Ninety One Thousand Two Hundred Five only) as on 30th November, 2019. In view of the positive net-worth the Counsel for the Applicant Company No. 1 submits that the scheme is an arrangement between the Applicant Company No.1 and their respective shareholders. This bench hereby directs the Applicant Company No.1 to issue notice to all 476 Unsecured Creditors as required under the Companies Act, 2013 with a direction that they may submit their representations, if any, to the Tribunal and copy of such representations shall simultaneous ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wspapers viz. Business Standard , in English language and translation thereof in Navashakti , in Marathi language, both having wide circulation in the state of Maharashtra as per Rule 15 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. Applicant Companies are directed to host the advertisement, notice served on various authorities or its website(s). 11. The Applicant Companies to serve the notice upon the Regional Director, Western Region, Ministry of Corporate Affairs, Mumbai Maharashtra, pursuant to Section 230(5) of the Companies Act, 2013 as per Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. If no response is received by the Tribunal from Regional Director within 30 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal from the Income Tax Authority within 30 days of the date of receipt of the notice it will be presumed that Income Tax Authority has no objection to the proposed Scheme as per Rule 8 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. 14. At least 30 clear days before the date fixed for hearing, Applicant Company No.1 to serve the notice of hearing of Application upon the Official Liquidator, High Court, Bombay pursuant to Section 230(5) of the Companies Act, 2013. The Tribunal is appointing Chartered Accountant, M/s USM Associates (Telephone :- 28783611), with remuneration of ₹ 2 Lacs/- for the services. If no response is received by the Tribunal from Official Liquidator within 30 days it may be presum ..... X X X X Extracts X X X X X X X X Extracts X X X X
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