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TMI Blog2020 (12) TMI 841X X X X Extracts X X X X X X X X Extracts X X X X ..... 20 and CA (CAA)-22 (PB)/2020 - - - Dated:- 11-9-2020 - B.S.V. Prakash Kumar, Actg. President And Hemant Kumar Sarangi, Member (T) For the Appellant : Umesh Singhal, Advocate ORDER B.S.V. Prakash Kumar, Actg. President 1. This Company Petition has been jointly filed by the Petitioner Companies, under Section 230-232 of The Companies Act, 2013, read with Rule 15 and 16 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, in relation to the Scheme of Arrangement and Amalgamation ( Scheme ), seeking for: i. appropriate orders or directions of this Tribunal for admission and for fixing a date for the hearing of the Petition. ii. appropriate orders or directions of this Tribunal for publication of a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld on 18.07.2020, wherein, the proposed Scheme was unanimously approved by the members present and voting in the said meetings of all the Petitioner Companies. The reports of the Chairperson in respect of the meetings have been placed on record. 3. Taking into consideration the submissions made and documents placed on record, it is hereby ordered as follows: i. Notice of the hearing shall be advertised in the English Daily, newspapers namely, The Statesman (English, Delhi edition) and Veer Arjun in Vernacular (Hindi, Delhi Edition) not less than 10 days before the aforesaid date fixed for hearing. ii. In addition to the public notice, each of the Applicant(s) shall serve the notice of the Petition on the following Authorities n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r before the date of hearing fixed herein, failing which it will be considered that there is no objection to the approval of the Scheme on the part of the authorities and subject to other conditions being satisfied as may be applicable under the Companies Act, 2013 and relevant rules framed thereunder. vi. The Petitioner Companies shall individually comply with proviso to sub section (3) of Section 232 or proviso to sub section (7) of Section 230, as may be applicable under the circumstances on or before the date fixed for hearing by filing the certificate of Statutory auditors of the Petitioner Companies. vii. The next date of hearing of the Petition shall be on 26.10.2020 for consideration of approval of the Scheme as contemplated b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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