2013 (1) TMI 941

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....This first motion application under Sections 391 and 394 of the Companies Act, 1956 ( Act ) has been filed by ValueFirst Digital Medial Private Limited ( Transferee company ) in respect of Scheme of Arrangement ( Scheme ) involving it and Gingersoft Media Private Limited ( Demerged company ). A copy of the proposed Scheme has been enclosed as Annexure-A. 2. The registered office of the Transfer....

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....nsferee company and the Demerged company. Copies of the Board Resolutions have been filed with the application. 7. The status of the equity shareholders, preference shareholders,secured and unsecured creditors of the Transferee company and the consents obtained from them for the proposed scheme have been set out in a table forming part of the application which reads as under:- Company No.....

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....ity shareholders of the Transferee company may be dispensed with. In view of the abovesaid submissions meeting of the equity shareholders of the Transferee company is dispensed with. 10. In view of the written consents/NOC given, the requirement of convening meetings of the preference shareholders and secured creditors of the Transferee company is dispensed with. 11. It is directed that the ....

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....s of aforesaid meeting in Indian Express (English) having circulation in Delhi and in Jansatta (Hindi) having circulation in Delhi. The notices shall be issued a minimum 21 days in advance of scheduled date of meeting. 13. Individual notices for the proposed meeting of the unsecured creditors of the Transferee company would be sent by ordinary post minimum 21 days in advance before the schedule....