1995 (3) TMI 351

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....he Respondent. ORDER 1. This petition under sections 391(2) and 394 of the Companies Act, 1956 has been filed with a prayer that the scheme of amalgamation of K.R. Stampings Pvt. Ltd. and Krishna Laminations Pvt. Ltd. be sanctioned. 2. By an order dated July 15, 1994 passed in Company Petition 76 of 1994, both the companies were directed to convene separate meetings of their shareholders ....

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....ejudicial to the interest of its members or to public interest. He has, therefore, no objection if the scheme is sanctioned. Dr. A.R. Doshi, Regional Director, Northern Region, Department of Company Affairs, has also filed an affidavit and in his opinion too the affairs of M/s. K.R. Stampings Pvt. Ltd. do not appear to have been conducted in a manner prejudicial to the interest of its members or p....

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....udited balance sheets for the period ending 31-3-1995 could not be produced before the Central Government in 1994 when the scheme was proposed or even thereafter because the same could be prepared only after the accounting period was over. There does not appear to be any merit in the objection raised on behalf of the Regional Director which has not even been seriously pressed. 5. For the reason....