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    <title>2005 (11) TMI 252 - HIGH COURT OF RAJASTHAN</title>
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    <description>The Court granted the application under sections 391(1) and 393 of the Companies Act, 1956, dispensing with meetings of equity shareholders of the transferee-company. Separate meetings for equity shareholders, unsecured creditors, and secured creditors of the transferor-company were ordered to be convened and held. The Court appointed a Chairman for the meetings, specified publication of meeting notices, and outlined procedures for proxy voting, shareholder value determination, quorum, and reporting of meeting results. Compliance with legal requirements and procedural formalities was emphasized, and the Court directed the Chairman to report meeting outcomes within seven days.</description>
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    <pubDate>Thu, 17 Nov 2005 00:00:00 +0530</pubDate>
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      <description>The Court granted the application under sections 391(1) and 393 of the Companies Act, 1956, dispensing with meetings of equity shareholders of the transferee-company. Separate meetings for equity shareholders, unsecured creditors, and secured creditors of the transferor-company were ordered to be convened and held. The Court appointed a Chairman for the meetings, specified publication of meeting notices, and outlined procedures for proxy voting, shareholder value determination, quorum, and reporting of meeting results. Compliance with legal requirements and procedural formalities was emphasized, and the Court directed the Chairman to report meeting outcomes within seven days.</description>
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