TaxTMI 
TaxTMI 
2015 (3) TMI 727
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....ely referred to as Petitioner Companies). A copy of the Scheme has been enclosed with the Petition. 2. The registered offices of the Petitioner Companies are situated at New Delhi, within the jurisdiction of this Court. 3. The details of the respective dates of incorporation of the Petitioner Companies, their authorized, issued, subscribed and paid up capital have been given in the Petition. 4. The copies of the Memorandum and Articles of Association as well as the Annual Accounts along with the Balance Sheet for the year ended 31st March, 2013 of the Petitioner Companies have also been enclosed with the Petition. 5. The copies of Resolutions passed by the Board of Director of the Petitioner Companies approving the Scheme of Amalgamatio....
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.... issued, the Official Liquidator sought information from the Petitioner Companies. Based on the information received, learned Official Liquidator has filed his report dated 20th May, 2014, wherein he has stated that he has not received any complaint against the proposed Scheme from any person/party interested in the Scheme in any manner and that the affairs of the Transferor Company, which are subject matter of dissolution, do not appear to have been conducted in a manner prejudicial to the interest of its members, creditors or to public interest as per the 2nd proviso of Section 394(1) of the Act. 10. In response to the notice issued in the Petition, learned Regional Director, Northern Region, Ministry of Corporate Affairs has filed his A....
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....ern of the Regional Director has been duly addressed 15. No objection has been received to the Scheme of Amalgamation from any other party. Mr. Nand Lal Kothari, Director of the Transferee Company has filed an affidavit confirming that neither the Petitioner Companies nor their Counsel has received any objection pursuant to citations published in the newspapers. 16. In view of the approval accorded by the Shareholders and Creditors of the Petitioner Companies; representation/reports filed by the Regional Director, Northern Region and the Official Liquidator, attached with this Court to the proposed Scheme of Amalgamation, there appears to be no impediment to the grant of sanction to the Scheme of Amalgamation. Consequently, sanction is he....