2016 (10) TMI 1363

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....filing the accompanying Company Application is condoned. The application is disposed of accordingly. CO. APPL. (M) 139/2016 1. The present first motion application under sections 391-394 of the Companies Act, 1956, (for short 'Act') read with Rules 67 to 87 of the Companies (Court) Rules, 1959, has been filed on behalf of Nandos Services India Private Limited (Transferor Company No.1) and Janpath Restaurants Private Limited (Transferor Company No.2), in connection with the Composite Scheme of Arrangement and Amalgamation (for short 'Scheme') between Transferor Companies No. 1 to 2 with Nando's Karnataka Restaurants Private Limited (Non-applicant/Transferee Company). 2. The Transferor companies No. 1 and 2 are hereinafter joi....

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....s Rs.30,75,000/-, divided into 3,07,500 equity shares of Rs.10/- each. 8. Transferor Company No.2 was incorporated on 14.03.2012 under the provisions of the Act. As on 31.03.2015, the authorised share capital of Transferor Company No.2 is Rs.37,00,00,000/-, divided into 3,70,00,000 equity shares of Rs.10/- each. As on 31.03.2015, the issued, subscribed and paid up capital of Transferor Company No.2 is Rs.19,96,04,980/-, divided into 1,99,60,498 equity shares of Rs.10/- each. 9. Copies of the Memorandum of Association and Articles of Association are on record. The latest audited Annual Accounts for the year 31st March, 2015 of the Transferor Companies have been enclosed with the application. Copies of the latest unaudited provisional f....