1999 (11) TMI 789

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Kwality Zippers Ltd., having its registered office at 39B, Industrial Estate, Dada Nagar, Kanpur ('transferee-company'), with Shamil Industries (P.) Ltd., having its registered office at 39B, Industrial Estate, Dada Nagar, Kanpur ('transferor-company No. 1') and Avadh Udyog Ltd. having its registered office at 13/392. F, Civil Lines, Kanpur (Transferor-company No. 2'). 2. The petition has been ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....mation. 3. This Court passed an order on 30-4-1999 whereby the transferor-company was directed to convene meetings of its shareholders and creditors and if thought fit for approving with or without modification the proposed scheme. Sri K.M. Hajela, Advocate was appointed as Chairman and Sri Yashwant Verma, Advocate as the alternate Chairman. Similarly, the transferor-company No. 2 was also dire....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ll the Companies. After the reports were submitted, this petition was filed for approving the Scheme of amalgamation. On the petition, notice was issued to the Regional Director, Department of Company Affairs, Kanpur and the Official Liquidator, Allahabad High Court. The notice was also directed to be published in the newspapers "Times of India" (Lucknow edition) and "Dainik Jagran" (Kanpur editio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....may be directed to increase the sufficient authorised capital for this purpose. 6. Today on behalf of the transferee-company an affidavit of Rashid Jamal, its Director has been filed. In para 6 of the affidavit, it has been stated that after considering the aforesaid report of the Official Liquidator, the company vide its resolution dated 1-10-1999, passed at the Extra-ordinary General meting o....