2016 (12) TMI 126

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....E RESPONDENT : MR KSHITIJ AMIN FOR MR DEVANG VYAS, ADVOCATE COMMON ORAL ORDER 1. Heard Mr.Pavan S. Godiawala, learned advocate for the petitioner and Mr.Kshitij Amin, learned Central Government Standing Counsel for Mr.Devang Vyas, learned Assistant Solicitor General of India for Regional Director and Official Liquidator Mr.Mishra. 2. The present petitions are filed by the Transferee Compa....

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....s required to be held under the provisions of the Section 391(1) of the Companies Act, 1956, were dispensed with. The respective orders dispensing with the meetings are produced at Exhibit "D" to the petitions. 4. Hence, the present petitions came to be filed seeking prayer for sanctioning of the Scheme of Arrangement in the nature of amalgamation of Nutan Merchants Private Limited And Raghav D....

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....cation and service. An affidavit came to be filed for publication and service of notices. The notices of the petitions came to be served on the Regional Director and Official Liquidator on 07.09.2016 and notices of the petitions came to be published in in the English daily newspaper "Business Standard", Ahmedabad edition and the Gujarati daily newspaper "Gujarat Guardian", Surat edition on 05.09.2....

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.... be debited to the Goodwill Account. It is also undertaken that, the reserve so created, if any, shall not be available for distribution of dividend and the petitioner will comply with the Accounting Standard 14. Further, the petitioners also undertake to comply with the Income Tax Act and Rules. The Petitioners also undertake to maintain the books, accounts, registers and shall comply with the la....