2016 (10) TMI 284

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.... PAVAN S GODIAWALA, ADVOCATE FOR THE RESPONDENT : MR DEVANG VYAS, ASSISTANT SOLICITOR GENERAL with MR KSHITIJ AMIN, CENTRAL GOVERNMENT COUNSEL COMMON ORAL JUDGMENT 1. Heard Mr. Pavan S. Godiawala, learned advocate for the petitioner, Mr. Devang Vyas, learned Assistant Solicitor General with Mr. Kshitij Amin, learned Central Government Counsel and Mr. Pathik Acharya, learned advocate for t....

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....heme at Exhibit "C" to the petitions. The petitions came to be admitted and in the petitions of Transferor Companies the notice was ordered to be served on Regional Director and Official Liquidator and in the petition of the Transferee Company, the notice was ordered to be served on Regional Director. The notice of petition was ordered to be published in Business Standard, English daily, Ahmedabad....

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....t and articles of association of the Transferee Company and hence, upon coming into effect of the scheme, the authorized share capital of the Transferor Companies as mentioned in the Clause 2(a), above, or such amount as may be on the effective date, shall be added to the authorized share capital of the Transferee Company, as on the effective date, without any further act or deed and without any f....

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....come Tax Act and Rules in the matter. Further the petitioner also undertakes to preserve the books and papers and records and shall not disposed off without prior permission of the Central Government and it is also submitted that there shall be a statutory compliance of all the applicable laws upon sanctioning the scheme. 4. Pursuant to the report of the Official Liquidator, it is ordered that ....