2016 (1) TMI 1314

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....mpany and applicant no.2/ transferee company (hereafter collectively referred to as the applicants) under Section 391 and 394 of the Companies Act, 1956 (in short the Act) in connection with the Scheme of Amalgamation proposed by them (hereafter referred to as the Scheme). A copy of the proposed scheme is enclosed with the application. 2. The registered offices of the applicants are situate, wi....

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....of the BOD resolution of the applicants of even dated 15.09.2015 have been filed. 6.1 It is averred that applicant no.1/ transferor company is a 100% subsidiary of applicant no.2/ transferee company. It is, thus, averred that on amalgamation the shares of applicant no.1/ transferor company will stand cancelled/ extinguished and, therefore, no shares would be issued and/or allotted in the applic....

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....s Consent given Transferor Company 2 100% Nil N.A. 5 100% Transferee Company Not required N.A. Not required N.A. Not required N.A.   8. A prayer has been made to dispense with the requirement of convening the meetings of the shareholders and the creditors (i.e. the secured and unsecured creditors) of the applicants. 9. Learned counsel for ....