2015 (3) TMI 1294

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... for holding that the applicant Transferee Company being the Parent Holding Company in the proposed Scheme of Amalgamation of Fuse Interactive Pvt. Ltd. And Anya Jyothirmayi Health Resort Pvt. Ltd; (the wholly owned subsidiary companies of the applicant company) with the applicant company, separate proceedings as required to be taken out under the provisions of Section 391(2) of the Companies Act,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....kely 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 of Amalgamation of its wholly owned subsidiary companies with itself. ....