Calcutta High Court
Bina Metal Way Pvt. Ltd. & Anr vs Unknown on 5 May, 2016
Author: Biswanath Somadder
Bench: Biswanath Somadder
CA NO.280 OF 2016
IN THE HIGH COURT AT CALCUTTA
ORIGINAL JURISDICTION
IN THE MATTER OF :
BINA METAL WAY PVT. LTD. & ANR.
BEFORE
THE HON'BLE JUSTICE BISWANATH SOMADDER
DATE : 5TH May, 2016 Mr. Deepak Agarwal, Ms. Arunima Lala Sengupta, Advocates for the applicants.
The Court : A meeting of the equity shareholders of Bina Metal Way Private Limited, being the applicant no.1 abovenamed (hereinafter referred to as "the BMWPL") shall be convened on 27th June, 2016 at 5 p.m. at Suite Nos.2D and 2E, 2nd Floor, 12, Ho Chi Minh Sarani, Kolkata - 700 071 for the purpose of considering and if thought fit, approving with or without modification, a Scheme of Arrangement between BMWPL and Bina Tube Private Limited, (hereinafter referred to as the "BTPL") being the applicant no.2.
A separate meeting of the equity shareholders of the Bina Tube Private Limited, (hereinafter referred to as the "BTPL") being the applicant no.2 shall be convened and held on the same day at the same venue at 5.30 p.m. for the purpose of considering and if thought fit, approving with or without modification, the Scheme of Arrangement between BMWPL and Bina Tube Private Limited, (hereinafter referred to as the "BTPL") being the applicant no.2.
At least twenty one clear days before the meetings to be held as aforesaid, a notice convening the said meetings, at the place and time as aforesaid, together with a copy of the said Scheme of Arrangement, a copy of 2 the statement required to be sent under section 393 of the Companies Act, 1956 and the prescribed form of proxy be served by post, by courier and/or hand delivery to each of the equity shareholders of the applicant companies concerned at their respective last known addresses.
In addition, at least twenty one days before the day appointed for the meetings, an advertisement convening the same and stating that copies of the said Scheme of Arrangement and the statement required to be furnished pursuant to the section 393 of the Companies Act, 1956 and the forms of proxy can be obtained free of charge at the registered office of the applicant companies or at the office of advocates representing the applicant companies, shall be inserted and published once in "Business Standard" and once in Äajkal". Publication of the notice of the meetings in the Calcutta Gazette, however, is dispensed with. Advocates for the applicant companies shall within seven days from this day file in Court the form of the notice and the same shall be settled by the Assistant Registrar (Company) of the Court.
Ms. Monika Kalra, Advocate (Mob. No. 9831015398), failing which Mr. Ramesh Sharma, Advocate, Bar Library Club, shall be the Chairperson of the meeting of the equity shareholders of the BMWPL to be held as aforesaid at a remuneration of 3000 GMs, for such meeting.
Mr. Ramesh Sharma, Advocate, Bar Library Club, failing which Ms. Monika Kalra, Advocate, shall be the Chairperson of the meeting of the equity shareholders of the BTPL to be held as aforesaid at a remuneration of 3000 GMs, for such meeting.
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The quorum for the said meetings of the equity shareholders for the BMWPL and BTPL shall be 2(two) persons respectively either personally or by proxy.
Voting by proxy be permitted, provided that a proxy in the prescribed form duly signed by the person(s) entitled to attend and vote at the meetings, is filed with the applicant companies at their respective registered office not later than forty eight hours before the meetings. The Chairpersons shall have the power to adjourn the meetings, if necessary.
The value of each share shall be in accordance with the books of the applicant companies and where entries in the books are disputed, the respective Chairpersons shall determine the value for the purpose of the meetings.
The Chairpersons shall report to this Court the results of the said two meetings within two weeks from the date of the conclusion of such meetings and their reports shall be verified by their respective affidavits.
Let the Summons be signed as of date.
C. A. No.280 of 2016 is accordingly disposed of.
Urgent photostat certified copy of this order, if applied for, be supplied to the parties subject to compliance of all requisite formalities.
( BISWANATH SOMADDER, J.) pa