AI Drafter 
TaxTMI 
TaxTMI 
2016 (9) TMI 1444
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....been filed under Section 391 of the Companies Act, 1956 by the applicant companies seeking directions of this court to dispense with the requirement of convening the meetings of their equity shareholders, secured and unsecured creditors to consider and approve, with or without modification, the proposed Scheme of Amalgamation of Aleron Builders & Constructions Private Limited (hereinafter referred to as the transferor company no. 1); Aeval Estates Private Limited (hereinafter referred to as the transferor company no. 2); Cascata Builders & Constructions Private Limited (hereinafter referred to as the transferor company no. 3); Demeta Estates Developers Private Limited (hereinafter referred to as the transferor company no. 4); Hora Realtors ....
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.... transferor company no. 6 was incorporated under the Companies Act, 1956 on 21st March, 2006 with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi. 9. The transferor company no. 7 was incorporated under the Companies Act, 1956 on 23rd March, 2006 with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi. 10. The transferor company no. 8 was incorporated under the Companies Act, 1956 on 12th June, 2007 with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi. 11. The transferee company was incorporated under the Companies Act, 1956 on 2nd July, 2007 with the Registrar of Companies, NCT of Delhi & Haryana at New Delhi. 12. The present authorized share capital of the transferor company no.1 is ....
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....1,00,000/- divided into 10,000 equity shares of Rs. 10/- each. 18. The present authorized share capital of the transferor company no.7 is Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10/- each. The issued, subscribed and paid up capital of the company is Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10/- each. 19. The present authorized share capital of the transferor company no.8 is Rs. 2,00,000/- divided into 20,000 equity shares of Rs. 10/- each. The issued, subscribed and paid up capital of the company is Rs. 1,25,000/- divided into 12,500 equity shares of Rs. 10/- each. 20. The present authorized share capital of the transferee company is Rs. 2,00,000/- divided into 20,000 equity shares of Rs. 10/- each. T....
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....licant companies. 25. The Board of Directors of the transferor and transferee companies in their separate meetings held on 29th March, 2016 have unanimously approved the proposed Scheme of Amalgamation. Copies of the Resolutions passed at the meetings of the Board of Directors of the transferor and transferee companies have been placed on record. 26. The transferor company no. 1 has 02 equity shareholders and 03 unsecured creditors. Both the equity shareholders and all the unsecured creditors have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meet....
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....nd, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 3, as on 28th March, 2016. 29. The transferor company no. 4 has 02 equity shareholders and 01 unsecured creditor. Both the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 4 to consider and, if thought fit, approve, with or without modifica....
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....eror company no. 6, as on 28th March, 2016. 32. The transferor company no. 7 has 02 equity shareholders and 01 unsecured creditor. Both the equity shareholders and the sole unsecured creditor have given their consents/no objections in writing to the proposed Scheme of Amalgamation. Their consents/no objections have been placed on record. They have been examined and found in order. In view thereof, the requirement of convening the meetings of the equity shareholders and unsecured creditor of the transferor company no. 7 to consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation is dispensed with. There is no secured creditor of the transferor company no. 7, as on 28th March, 2016. 33. Th....