2019 (4) TMI 1996

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....ransferee Company. The registered Office of the Transferor Company is situated in the State of Maharastra, outside the jurisdiction of this Tribunal which is proposed to be merged with the Transferee Company/Applicant Company. 2. M/s. Shell India Markets Private Limited (i) The Transferee Company viz., M/s. Shell India Markets Private Limited has 2 (Two) Equity Shareholders. The Applicant prayed to fix the time and place for calling, holding and conducting the 'meeting of the Equity shareholders of the Transferee Company and to appoint a Chairman for the said meeting. Therefore, the meeting of the Equity Shareholders is directed to be conducted on 10% June, 2019 at 11:00 A.M. at registered office i.e. 274 Floor, Campus 4A, RMZ Mille....

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....ers before this Bench. The Chairman of the meeting is at liberty to fix his remuneration as per the practice in vogue and the company shall pay the same to him. (ii) There are no Secured Creditors in relation to the Transferee Company. The Certificate issued by the Chartered Accountants to this effect is placed at page 269 of the typed set filed with the Application. (iii) There are 518 (Five Hundred and Eighteen) unsecured creditors in the Transferee Company. The Certificate issued by the Chartered Accountants to this effect is  placed at page 296 of the typed set filed with the Application. The Applicants prayed to fix the time and place for calling, holding and conducting the meeting of the unsecured creditors of the Transferee ....

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.... shall ensure that the proceedings of the meeting may take place in a just, free and fair manner, and within one week of the meeting, the Chairman shall file the report of the meeting of unsecured creditors before this Bench. The Chairman of the meeting is at liberty to fix his remuneration as per the practice in vogue and the company shall pay the same to him. 3. The Registry is directed to issue notice to the Reserve Bank of India (RBI), concerned Regional Director, Ministry of Corporate Affairs, RoC concerned and Income Tax Authorities including the Assessing Officer of the I.T. Circle in relation to the Applicant Company separately. In case, the statutory authorities to whom the notice is issued are desirous of making any objection/rep....