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2015 (11) TMI 1708
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.... taken out by the applicanteInfochips Limited (the Transferee Company) for holding that the applicant Transferee Company being the Parent Holding Company in the proposed Scheme of Amalgamation of Smart Guard Systems Private Limited and nGin Technologies Private Limited, (the wholly owned subsidiary companies of the applicant company) with the applicant company, separate proceedings as required to ....
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....sidering the capital structure of the Transferee Company, it is not likely to undergo any change and the rights of the existing shareholders of the Transferee Company will not be affected in any manner. It is therefore submitted that in view of the above, the Holding Transferee Company is not required to take out separate proceedings for obtaining the sanction of this Court to the proposed Scheme ....