2016 (4) TMI 1467

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....mpany Affairs, Chennai : Mr. G. Venkatesan Central Government Standing Counsel. ORDER This company petition is preferred under sections 391 to 393 of the Companies Act, 1956 for sanctioning the scheme of arrangement and compromise (in short the Scheme) between the petitioner company, viz., Updater Services Private Limited and its shareholders, with effect from the Effective date, i.e., the d....

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....016, passed in C.A.No.356 of 2016, dispensed with the convening, holding and conducting of the meeting of the shareholders for the purpose of considering and if thought fit, approving with or without modification, the scheme conceived by the petitioner company involving arrangement and compromise with their shareholders. 4. Upon notice being issued, the Regional Director, Ministry of Company Af....

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....Services Private Limited and its shareholders, with effect from the Effective Date, i.e., the date on which the sanctioned Scheme is filed with the Registrar of Companies, Chennai, Tamil Nadu by the petitioner company, as per the procedure laid down under Sections 391 to 393 of the Companies Act, which are duly complied with. 6.1. It is made clear, that this order will not be construed as an or....