2012 (11) TMI 264

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....eree Company). 2. The registered offices of the Transferor and Transferee Companies are situated at New Delhi, within the jurisdiction of this Court. 3. Details with regard to the date of incorporation of Transferor and Transferee Companies, their authorized, issued, subscribed and paid-up capital have been given in the Petition. 4. Copies of the Memorandum and Articles of Association as well as the latest audited Annual Accounts for the year ended 31st March, 2011 of the Transferor and Transferee Companies have also been enclosed with the Petition. 5. Copies of the Resolutions passed by the Board of Directors of the Transferor and Transferee Companies approving the Scheme have also been placed on record. 6. It has been submi....

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....ee Companies. 9. The Petitioner Companies have thereafter filed the present Petition seeking sanction of the Scheme. Vide order dated 31st May 2012 notice of the Petition was directed to be issued to the Regional Director, Northern Region and the Official Liquidator. Notice was duly accepted on behalf of the Regional Director and the Official Liquidator. Citations were also directed to be published in "Indian Express" (English Edition) and "Dainik Jagran" (Hindi Edition). Affidavits of Publication have been filed by the Petitioners showing compliance regarding publication of citations in the aforesaid newspapers on 15.06.2012. Copies of the newspapers cuttings, in original, containing the publications have been filed along with the Af....

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....nstitute of Chartered Accountants of India. The Regional Director has further submitted that M/s Samaya Investment & Trading Pvt. Ltd. (Transferor Company No.1) is a non-banking finance company and registered with the Reserve Bank of India and according to Circular No. RBI/2005-06/285, DNBS (PD) C.C. No. 63/02.02/2005-06 dated 24.01.2006, the non-banking finance company needs to inform Reserve Bank of India within 1(one) month from the date of order of court about amalgamation.   12. No objection has been received to the, Scheme from any other party. Learned counsel for Petitioner Companies has submitted that the Petitioner Companies have filed affidavit of Mr. Sunny Varghese, Director of Transferee Company dated 31.08.2012 confirmi....