2010 (7) TMI 285

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....e Limited in the State of West Bengal. Subsequently, the registered office of the company was shifted from West Bengal to Karnataka vide an order of the Company Law Board, Eastern Region. The name of the company was thereafter changed to Mphasis BFL Limited and subsequently changed to Mphasis Limited and a fresh certificate of incorporation was issued on 24-11-2006 bearing the registration as L30007KA1992PLCO25294. 3. The registered office of the petitioner - company is situated at Bagmane Technology Park, Byrasandra, C.V. Raman Nagar, Bangalore-560 093. The authorised share capital of the petitioner-company is Rs. 245,00,00,000 (Rupees two hundred and forty five crores only) divided into 24,50,00,000 (Rupees twenty four crores fifty lakhs....

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....on No. 46/2010 and the said order was modified by this court vide order dated 3-3-2010 passed in C.A. No. 129/2010 and further corrected the typographical error as per order dated 8-4-2010 passed in C.A. No. 211/2010, for the purpose of considering and if thought fit approving with or without modification the Scheme of Amalgamation, whereunder the transferor-company is proposed to be merged with the petitioner-company. The Chairman appointed by this court convened the said meetings on 7-4-2010 and filed his import regarding the result of the said meetings. 7. The transferor-company was incorporated on 13-6-2002 under the name and style AIG Systems Solutions Private Limited in the State of Tamil Nadu bearing registration No. U72400TN2002PTC....

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....use 10.3 of the scheme, petitioner may be advised to transfer the surplus to the Capital Reserve instead of General Reserve in accordance with Accounting Standard-14" 10. The petitioner-company has filed affidavit dated 28-6-2010 undertaking to comply with the observation made by the Regional Director. 11. Pursuant to the advertisement of the hearing of the petition none of the shareholders, creditors, employees or any other persons have appeared before Court to oppose the Scheme of Amalgamation. 12. All the employees of the transferor-company in service on the effective date shall become the employees of the transferee-company on such date without any break or interruption in service and on the terms and conditions not less favourable t....