Amalgamation Time Table

Sr. No.	Particulars
1	Board Meeting for consideration of Amalgamation and appointment of valuer and due diligence.
2	Board Meeting of the companies for consideration and approval of Scheme and Valuation Reports.
3	Application u/s.391 to 395 of the Companies Act, 1956 before the High Court for obtaining directions for convening of meetings of shareholders / secured and unsecured creditors of both Companies. (NOC from the concerned financial institutions and creditors as per Companies Act to seek exemption from holding relevant meetings to approve Scheme)
4	Order of the High Court for convening/ dispensing meetings of Shareholders/ secured creditors/ unsecured creditors of both Companies as per the minutes of the order which should include the notice of summons, the explanatory statement and the notice to be published in the newspapers.  Also order to Company to issue notices of the petition to those creditors to whom it owes Rs.10,00,000/- and above, in case the NOC from such creditors is not obtained by the time of filing the Petition
5	Despatch of Notice, Statement u/s. 393 of the Companies Act, 1956, Scheme of arrangement and Form of Proxy to the shareholders/ creditors concerned atlease 21 days before date of meeting.
6	Publication of Notice in the newspapers, atleast 21 days before date of meeting.
7	Affidavit, by Chairman appointed by Court, of Service in respect of despatch of notices and publication in newspapers, atlease one week before date of meeting.
8	Meetings of shareholders/ creditors of both Companies on the appointed date for approving the Scheme.
9	Filing of report of the chairman of the meeting, of the proceedings of the meeting at least 7 days after the conclusion of the meeting
10	Petition u/s. 391to 395 of the Companies Act, 1956 for confirmation of the Scheme atleast within 7 days of filing of report by chairman.
11	Order of the Court admitting the petition and directing service of a copy of petition on the Central Government through the Regional Director and making publication of notice of hearing in newspapers.
12	Service of Notice with copy of petitions to the Central Government through the Regional Director, Mumbai.
13	Publication of notice of hearing in the same newspapers.
14	File Affidavit of Service of Petitions on Regional Director and publication in newspapers before the Court..
15	Obtaining No-Objection of the Regional Director
16	Final Hearing of Petitions of both companies
17	Order of Court sanctioning the Scheme.
18	Obtain certified copies of the Order sanctioning the Scheme and filing the same with the Registrar of Companies within 15 days .

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