Indicative Activity Chart for the proposed amalgamation of Amalgamated Co.
Sr. No. Action
1 Board Meeting of Amalgamated Co. and Resulting Co. to approve in principle the Scheme of Arrangement
2 Prepare draft and finalisation of following for Amalgamated Co.
- Scheme of Arrangement,
- Consent Letters for shareholders
- Consent Letters for Creditors
- Application to High Court for Demerger
3 Board Meeting of Amalgamated Co. and Resulting Co. to approve the Scheme of Arrangement
4 Obtaining consent letters from the shareholders of Amalgamted Co. and Resulting Co.
5 Obtaining consent letters from the Creditors of Amalgamated Co. and Resulting Co.
6 * Filing of applications, for Amalgamated Co. and Resulting Co., with the respective High Court seeking dispensation from convening meeting of the shareholders / creditors
7 Compliance for admission of Application, of Amalgamated Co. and Resulting Co., at respective High Court 's.
8 Hearing of Application at respective High Court for Amalgamated Co. and Resulting Co.
9 Preparing draft of the petition for Amalgamated Co. and Resulting Co.
10 * Finalising and Filing petitions with respective High Court for Amalgamated Co. and Resulting Co.
11 Compliance for admission of Application, for Amalgamated Co. and Resulting Co., at respective High Court
12 Admission of the petition, for Amalgamated Co. and Resulting Co., at respective High Court
13 Hearing of Petition at respective High Court determining the date of final hearing
14 Preparing draft of Notice of final Hearing
- Regional Director
- Registrar of Companies
- Ministry of Law
- Secured creditors and Unsecured creditors
15 File notices of hearing of Petition with the following:
- Regional Director
- Registrar of Companies
- Ministry of Law
16 Dispatch of Individual notices to all Secured and Unsecured Creditors of Amalgamated Co. and Resulting Co.
17 Draft of Newspaper Advertisement for Amalgamated Co. and Resulting Co.
18 Advertisement to be published in newspaper(s) English and Marathi for Amalgamated Co. and Resulting Co.
19 Affidavit of service proving service of notice on following
- Reginal Director
- Registrar of Companies
- Advertisement in News papers
20 Compliance with Registrar of Companies for Amalgamated Co. and Resulting Co.
21 Reply to the Query letter of the Regional Director for Amalgamated Co. and Resulting Co.
22 Clearance from:
- Regional Director
- Registrar of Companies
23 Final hearing at the respective High Court for approving the proposed Scheme
24 Obtain Authenticated copies of the final drawn up Orders
25 Obtain certified copies of the final drawn up Orders
26 File the High Court orders with the ROC (within 30 days of obtaining the order)
Dear Sir
ReplyDeleteKindly let me whether it is required to file form-61 with ROC before final hearing if yes then what is the time limit for the same.
And when do we need to file form-21 with ROC.