2010 (7) TMI 267

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....on is filed under sections 391 to 394 of the Companies Act, 1956 (for short 'the Act') by the petitioner - Dusters Hospitality Services Private Limited - Transferee-Company seeking sanction of scheme of arrangement produced at Annexure A to the petition by which the company M/s. Total Solutions Facility Management Private Limited - the transferor/demerged company is proposed to be merged with the ....

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....tive, buildings, Hospitals, any other commercial organizations support services, electromechanical maintenance, housekeeping of offices and etc. 4. The Board of Directors of the applicant company in its meeting held on 6-11-2009 have approved and accepted the scheme of arrangement by virtue of which the demerged undertaking of the transferor/demerged company will be demerged into the petitioner....

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....ha' on or before 10-2-2010 fixing the date of hearing as 3-3-2010. Accordingly, the petitioner has furnished the copy of the 'The Hindu' and 'Kannada Prabha' both dated 5-2-2010 along with a memo dated 19-3-2010. Pursuant to the notice issued to the Regional Director, the Registrar of Companies. Karnataka has filed affidavit dated 20-4-2010 on behalf of the Regional Director with the following obs....

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....oyees of the Facility Maintenance Services (FMS) undertaking of transferor/demerging company in service on the effective date shall be deemed to have become the employees of the transferee-company with effect from the appointed date without any interruption in their service as a result of the transfer of the FMS undertaking to transferee-company on the same terms and conditions of employment as we....