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TMI Blog2020 (7) TMI 783X X X X Extracts X X X X X X X X Extracts X X X X ..... he Court convened by video conference today. 2. The Learned Authorised Representative for the Applicant Companies submits that the present Scheme is the Composite Scheme of Arrangement between Essential Power Transmission Pvt. Ltd. (Demerged Company)and Esenpro Power Transmission Private Limited(Resulting Company) and their respective shareholders. 3. The Learned Authorised Representative for the Applicant Companies states that the Board of Directors of both the Applicant Companies have approved the scheme in its meeting held on 21st February 2020 respectively. 4. A meeting of the Equity Shareholders of the Applicant Company No. 1 be convened and held at Esenpro House 24 Marol Co-op Ind. Estate, OffMV Road, Andheri (East), Mumbai 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a notice convening the said meeting at the place, day, date and time aforesaid, together with a copy of the Scheme, a copy of the Explanatory Statement required to be sent under section 230 of the Companies Act, 2013, shall be sent by registered post/speed post/Email as may be feasible in view of lockdown owing to the Covid-19-pandemic. 9. There are no secured Creditors in the Applicant Company No. 2 as mentioned in Paragraph 24 of the Application. 10. A meeting of the Unsecured Creditors of the Applicant Company No. 1 be convened and held through video conferencing or any other audio video means on Tuesday, 15th day of September at 03.30 P.M. for the purpose of considering and, if thought fit, approving, with or without modification ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Statement containing all the particulars as per section 230 of the Companies Act, 2013; iii. issue Form of Proxy as per Form No. MGT-11 (Rule 19) of the Companies (Management and Administration) Rules, 2014; and iv. advertise the Notice convening meeting as per Form No. CAA.2 (Rule 7) the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. 15. Mr. Kashyap Chandulal Shah, Director failing whom Mr. Bharat Chandulal Shah, Director of the Applicant Company No. 1 is appointed as the Chairman for the meeting of Equity Shareholders, Secured and Unsecured Creditors of the Applicant Company No. 1. The Scrutiniser for the meeting shall be Mr. Hemanshu R. Upadhyay, Proprietor of HRU Associates, Practicing Company Secretary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proxy in the prescribed form/authorisation duly signed by the person entitled to attend and vote at the meeting, is filed with the Applicant Company concerned at its Registered Office, not later than, forty-eight hours before the aforesaid meeting as required under rule 6 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. 21. The value and number of the shares of each member shall be in accordance with the books/register of the Applicant Companies or depository records and where the entries in the books/register/depository records are disputed, the Chairperson of the meeting shall determine the value for the purpose of the aforesaid meeting and his decision in that behalf would be final. 22. The Applicant Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X
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