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TMI Blog2022 (11) TMI 508X X X X Extracts X X X X X X X X Extracts X X X X ..... ant companies, for considering and approving with or without modification, a composite scheme of merger. 2. The registered office of the applicant companies are situated in the State of Madhya Pradesh and is under the jurisdiction of the National Company Law Tribunal, Bench at Indore. 3. Applicant transferor company is a public limited company having CIN: U07100MP2009PLC021637, incorporated under the provisions of the Companies Act, 1956 on 19.02.2009, and its registered address is at 503, B Block, Paramount Apartment, 6 Gyan Park, Telephone Nagar, Indore, Madhya Pradesh-452018. Earlier the applicant transferor company was incorporated as a private limited company, but on 04.09.2014 the status of the company was changed from private limit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t business model, the future revenues and the other business factors, the Board of Directors of the company felt after an analysis of the various options available to the company, it proposes to enhance its business operation activities by way of merger of one of its company belonging to the same group in order to present the fair and accurate position of the company and to enhance its market positions. ii. The Board of Directors of the applicant companies in their respective Board Meeting held on 08.02.2021 passed a resolution for the preparation of the proposed scheme of merger as placed before the Board. The applicant companies have filed the Scheme and its audited balance sheets, the same is placed on record. iii. The accounting tre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... holders of the applicant transferor company as the consent has been received in writing by way of affidavits from 7 shareholders. ii. This Tribunal may please to dispense with the meeting of Equity Shareholders of applicant transferee company as the consent has been received in writing by way of affidavits from both the shareholders. iii. There is no requirement to convene the meetings of the secured and unsecured creditors of the transferor company, as there are no secured or unsecured creditors in the transferor company. iv. There is no requirement to convene the meetings of the secured and unsecured creditors of the transferee company, as the only creditor that is 100% holding company (transferor company) of the transferee company ..... X X X X Extracts X X X X X X X X Extracts X X X X
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