2015 (11) TMI 1706

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.... Bindal, J. In this petition filed under the Companies Act, 1956 (for short, 'the Act'), duly supported by affidavit, the petitioner- company seek dispensation of the meetings of their Equity Shareholders, Compulsory Convertible Redeemable Preference Shareholders, Secured and Un-secured Creditors for sanctioning of the Scheme of Amalgamation (Annexure P-1) of CSAV Group (India) Limited ....

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.... on 31.3.2015, was Rs. 5,00,000/- divided into 50,000 equity shares of Rs. 10/- each. The issued, subscribed and paid up share capital of the company was Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10/- each. The compulsory convertible preference share capital of the Petitioner/ Transferor Company on 31.3.2015, was Rs. 5,95,00,000/- divided into 59,50,000 equity shares of Rs. 10/- e....

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....ed on any stock exchange. It was further mentioned that the entire issued, subscribed and paid up equity share capital of the Transferor Company is held by the Transferee company and/ or its nominee(s), no consideration shall be payable pursuant to the amalgamation of Transferor company into Transferee Company. The petitioner companies have confirmed that there are no investigations or proce....