TaxTMI 
TaxTMI 
2005 (11) TMI 252
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....ansferor-company and the appointment of the Chairman for the meeting aforesaid. Sutlej Industries Limited 'the applicant transferor-company' is a company duly incorporated on 22-11-1934 under the provisions of the Indian Companies Act, VII of 1913 as a public company limited by shares under the name of Sutlej Cotton Mills Limited. With effect from 13-9-1995 the name of the applicant transferor-company was changed to Sutlej Industries Limited; its registered office is situated at Pachpahar Road, Bhawanimandi (Rajasthan). 2. The position of authorized, issued, subscribed and paid-up share capital of the applicant transferor-company as on 31-3-2005 is detailed out in para No. 5 of the application. 3. The main objects of the applicant transf....
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....ailed out in para No. 13 of the application. 8. In para No. 14 of the application it has been mentioned that the annual accounts of the applicant transferee-company have not been audited as it has been incorporated recently on 22-6-2005. Apart from paid-up capital and assets and liabilities as on 30-6-2005 stated in the application, the applicant transferee-company has no other assets or liabilities. 9. The applicants have filed this application to obtain sanction of the Court to a Scheme of Arrangement whereby and whereunder Textile Division, as defined in the Scheme of Arrangement of the applicant transferor- company is to be demerged and transferred to the applicant transferee- company on the terms and conditions stated therein. A copy....
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....06 at 3.30 PM Pachpahar Road, Bhawanimandi - 326502 14. That at least 21 clear days before the date fixed for the meetings an advertisement convening the same and stating that copies of the said Scheme of Arrangement and of the statements required to be furnished, shall be furnished, pursuant to section 393 of the Act, 1956 and forms of proxy can be obtained free of charge at the office of the applicant transferor-company or from the office of its Advocate, be advertised once in the dailies, namely, Hindi Newspaper 'Rajasthan Patrika' (Kota Edition) and English Newspaper 'Times of India' (Jaipur Edition). 15. That at least 21 clear days before the meetings to be held as aforesaid, a notice convening the said meetings at the place and tim....