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Calcutta High Court

Sansar Tradecom Pvt. Ltd. & Ors vs Unknown on 9 February, 2010

Author: Sanjib Banerjee

Bench: Sanjib Banerjee

                        CA No. 73 of 2010
                IN THE HIGH COURT AT CALCUTTA
                     ORIGINAL JURISDICTION




                     IN THE MATTER OF:
              SANSAR TRADECOM PVT. LTD. & ORS.



BEFORE:

The Hon'ble JUSTICE SANJIB BANERJEE

Date : 9th February, 2010.


                The Court: That a meeting of the Equity Shareholders of

  Sansar Tradecom Private Limited (hereinafter referred to as the "STPL")

  shall be convened and held at 10, Old Post Office Street, First Floor,

  Room No.45, Kolkata 700001, on the 29TH day of March, 2010 at 4.30

  P.M. for the purpose of considering, and if thought fit, approving, with

  or without modification, the proposed Scheme of Amalgamation of the

  Applicant Company Nos. 1 to 5 with the Applicant Company No.6.


        That a meeting of the Equity Shareholders of Sunima Dealers

  Private Limited (hereinafter referred to as the "SDPL") shall be

  convened and held at 10, Old Post Office Street, First Floor, Room

  No.45, Kolkata 700001, on the 29TH day of March, 2010 at 4.45 P.M.
                                       2


     for the purpose of considering, and if thought fit, approving, with or

     without modification, the proposed Scheme of Amalgamation of the

     Applicant Company Nos. 1 to 5 with the Applicant Company No.6.


           That a meeting of the Equity Shareholders of Model Vinimay

     Private Limited (hereinafter referred to as the "MVPL ") shall be

     convened and held at 10,Old Post Office Street, First Floor, Room

     No.45, Kolkata 700001, on the 29TH day of March, 2010 at 5.00P.M. for

     the purpose of considering, and if thought fit, approving, with or

     without modification, the proposed Scheme of Amalgamation of the

     Applicant Company Nos. 1 to 5 with the Applicant Company No.6.


     That a meeting of the Equity Shareholders of Cube Griha Nirman

Private Limited (hereinafter referred to as the "CGNPL") shall be convened

and held at 10, Old Post Office Street, First Floor, Room No.45, Kolkata

700001, on the 29TH day of March, 2010 at 5.15 P.M. for the purpose of

considering, and if thought fit, approving, with or without modification, the

proposed Scheme of Amalgamation of the Applicant Company Nos. 1 to 5

with the Applicant Company No.6.


     That a meeting of the Equity Shareholders of Compact Tie- Up Private

Limited (hereinafter referred to as the "CTUPL") shall be convened and held

at 10, Old Post Office Street, First Floor, Room No.45, Kolkata 700001, on
                                       3


the 29TH day of March, 2010 at 5.30 P.M. for the purpose of considering, and

if thought fit, approving, with or without modification, the proposed Scheme

of Amalgamation of the Applicant Company Nos. 1 to 5 with the Applicant

Company No.6.


     That a meeting of the Equity Shareholders of Macro Commodeal

Private Limited (hereinafter referred to as the "MCPL") shall be convened and

held at 10, Old Post Office Street, First Floor, Room No.45, Kolkata 700001,

on the 29TH day of March, 2010 at 5.45 P.M. for the purpose of considering,

and if thought fit, approving, with or without modification, the proposed

Scheme of Amalgamation of the Applicant Company Nos. 1 to 5 with the

Applicant Company No.6.


     That at least 21 (twenty one) clear days before the date of the said

meetings an advertisement convening the same and stating that copies of

the said Scheme of Amalgamation and of the statement required to be

furnished pursuant to section 393 of the Companies Act 1956 and a form of

proxy can be obtained free of charge at the Registered Office of the Applicant

Companies or at the office of their Advocate Misra & Company, 10, Old Post

Office Street, (1st Floor) Kolkata 700 001 be inserted once each in the

"Pratidin" and in "Financial Express". The publication in the Calcutta

Gazette is dispensed with.
                                        4


     That in addition, at least 21 (twenty one) clear days before the

meetings to be held as aforesaid, a Notice convening the said meetings at

the place and times as aforesaid together with a copy of the said Scheme, a

copy of the Statement required to be sent under Section 393 of the

Companies Act, 1956 and the prescribed form of Proxy by Prepaid Post

under Certificate of Posting or by hand through Personal Messenger

addressed to each of the Equity Shareholders in the Applicant Companies

at their respective or last known addresses.


     That the Advocate-on-Record for the Applicant Companies do within 7

days (after obtaining the signed copy of the minutes of the order) file in Court

the form of the notices and the statement to accompany the notice and the

same shall be settled by the Assistant Registrar (Company) of this Court.

     That Ms. Anima Maiti, Advocate failing her Mr. Chinmoy Kr. Maiti,

Advocate, shall be the Chairperson of the said meeting of the Equity

Shareholders of the Applicant Company No. 1 to be held as aforesaid at a

remuneration of 400 GM.


     That Mr. Chinmoy Kr. Maiti, Advocate failing him Ms. Renuka Roy,

Advocate, shall be the Chairperson of the said meeting of the Equity

Shareholders of the Applicant Company No. 2 to be held as aforesaid at a

remuneration of 400 GM.
                                        5


     That Ms. Renuka Roy, Advocate failing her Ms. Subhra Nag, Advocate,

shall be the Chairperson of the said meeting of the Equity Shareholders of

the Applicant Company No. 3 to be held as aforesaid at a remuneration of

400 GM.


     That Ms. Subhra Nag, Advocate failing her           Mr. Avik Chakravorty,

Advocate, shall be the Chairperson of the said meeting of the Equity

Shareholders of the Applicant Company No. 4 to be held as aforesaid at a

remuneration of 400 GM.


     That    Mr. Avik Chakravorty, Advocate          failing him   Mr. Asim Kr.

Chakraborti, Advocate, shall be the Chairperson of the said meeting of the

Equity Shareholders of the Applicant Company No. 5 to be held as aforesaid

at a remuneration of 400 GM.


     That Mr. Asim Kr. Chakraborti, Advocate failing him Ms. Anima Maiti,

Advocate, shall be the Chairperson of the said meeting of the Equity

Shareholders of the Applicant Company No. 6 to be held as aforesaid at a

remuneration of 400 GM.


     That any one of the Chairperson appointed for the said meetings or

any person authorised by them or any one of them do issue and send out

the notice of the said meetings referred to above.
                                      6


      That the quorum for each of the meetings of the Equity Shareholders of

the Applicant Companies may be fixed at 2 ( two ) persons each present in

person or in proxy.


      That 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 meeting, is filed with the respective Applicant Companies at their

Registered Office not later than forty eight hours before the meetings. Any

one of the Chairperson shall have the power to adjourn the meeting, if

necessary.


      That the value of each member shall be in accordance with the

respective books of the respective Applicant Companies and where entries in

the books are disputed, the Chairperson shall determine the value for the

purpose of the meeting.


      That the respective Chairperson do report to this Court the results of

the said meetings within four weeks from the date of the conclusion of the

respective meetings and their respective report shall be verified by their

respective affidavits.


      Judges Summons be signed as of         date. C.A No. 73 of 2010 is

disposed of.
                                         7


      Urgent certified photocopies of the order if applied for, be issued to the

parties subject to compliance of all requisite formalities .

.

(SANJIB BANERJEE, J.) bp.

A.R(C.R)