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    <title>2008 (7) TMI 582 - HIGH COURT OF ALLAHABAD</title>
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    <description>The Court granted the application under sections 391(1) and 393 of the Companies Act for amalgamation reliefs. Shareholder meeting of the transferor-company was dispensed with due to full ownership by the transferee-company. Meetings were directed for equity shareholders and creditors, with appointed chairmen. Notices were to be published, and arrangements made. Shareholders and creditors were to receive notices and scheme details in advance. The Court retained discretion for shareholder approval, with quorum and proxy voting rules specified. Chairmen were to report meeting outcomes to the Court.</description>
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      <description>The Court granted the application under sections 391(1) and 393 of the Companies Act for amalgamation reliefs. Shareholder meeting of the transferor-company was dispensed with due to full ownership by the transferee-company. Meetings were directed for equity shareholders and creditors, with appointed chairmen. Notices were to be published, and arrangements made. Shareholders and creditors were to receive notices and scheme details in advance. The Court retained discretion for shareholder approval, with quorum and proxy voting rules specified. Chairmen were to report meeting outcomes to the Court.</description>
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