2016 (1) TMI 995

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...., and transfer of Roorkee Division of Alpha Packaging Private Limited into Alpha Plastomers Private Limited. 2. Alpha Packaging Private Limited, the Demerged Company, filed Company Application No.260 of 2015, seeking dispensation of the meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the petitioner Company. By an order dated 24.08.2015, passed in Company Application No.260 of 2015, this Court ordered the dispensation of the meetings of the Equity Shareholders, Secured Creditors and Unsecured Creditors. 3. Alpha Plastomers Private Limited, the Resulting Company, filed Company Application No.261 of 2015, seeking dispensation of the meeting of the Equity Shareholders of the petitioner Company. The petiti....

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....aking only one observation. The observation made by the Regional Director is with regard to the comments from the Income Tax Department. The report records that the office of the Regional Director has not received any adverse comments from the Income Tax Department. It is, however, stated in the report that the petitioner Company may be directed to undertake compliance of the Income Tax Act and Rules. 8. In response to the affidavit of the Regional Director dated 06.01.2016, the petitioner Resulting Company has filed an affidavit dated 11.01.2016, giving its response to the observation of the Regional Director. It is submitted that the report of the Regional Director, itself, shows that pursuant to the letter of the Regional Director, no....