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of <h1>All property and duties transferred to new company under Companies Act Section 232; shares allotted to non-dissenting members.</h1> The tribunal orders the transfer of all property, rights, powers, liabilities, and duties from the transferor company to the transferee company under section 232 of the Companies Act. This includes pending legal proceedings, which will continue with the transferee company. The transferee company must allot shares to transferor company members who have not dissented. The transferor company must deliver a certified copy of this order to the Registrar of Companies within thirty days, leading to its dissolution and consolidation of records with the transferee company. Interested parties may apply to the tribunal for further directions if necessary.
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