2022 (5) TMI 392

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....nctioned the Scheme of Amalgamation between the Petitioner Companies and directed them to complete the post-merger activities including the increase of the authorised share capital of the Applicant by adding the authorised share capital of the Transferor Companies, issuing the newspaper publication with respect to approval of the scheme of amalgamation and submit the said scheme to the Registrar of Companies (RoC) within 30 days from the date of receipt of the certified copy of the order, after paying the stamp duty and comply with other statutory steps. The Applicant was unable to complete the post-merger activities within the period specified in the order and filed an application in IA No. 65/2020 seeking extension of time. This Tribunal ....

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....Registrar directed the Applicant on 04.02.2021, to produce certain documents, including the original order dated 25.09.2019, for the purpose of impounding etc. The Applicant addressed two emails to the Registrar on 19.02.2021, providing the details as requested and the Board Resolution and order dated 20.07.2020. On 25.02.2021, the Registrar, through his letter, stated that order dated 20.07.2020 is only in relation to the filing of Form INC-28 and therefore 2019 order is to be reckoned. The Registrar requested for the original of 2019 Order which was complied with. The Applicant requested to issue the necessary challan and accept the payment towards stamp duty. Thereafter, on 16.03.2021 the Applicant addressed another letter to the Registr....