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That meeting of the unsecured creditors of the Transferee Company will be convened and held at 9 K.M., Lalitpur Jhansi Road, Lalitpur-284403 on 15th day of May, 2004 (Saturday) at 3.00 O'clock in the afternoon for the purpose of considering, and if thought fit, approving, with or without modifications, the proposed Scheme of Amalgamation.
That at least 21 clear days before the day appointed for the meetings of the Transferee Company to be held as aforesaid, a notice convening the said meetings at the place and time aforesaid, together with the copies of the said scheme and of the statement required to be furnished pursuant to Section 393 of the Companies Act, 1956, and the prescribed form of proxy, shall be sent by pre-paid letter post under certificate of posting, addressed to each of the shareholders/members of the Transferee Company and each of the unsecured creditors of the Transferee Company aforesaid at their respective registered or last known addresses.
That, in addition, at least 21 clear days before the day appointed for the meetings in respect of the Transferee Company, as aforesaid, separate advertisements convening the said meetings in respect of the Transferee Company, and stating that copies of the said scheme together with the copy of the statement required to be sent under Section 393 of the Companies Act, 1956 and the prescribed form of proxy can be obtained free of charge at the registered office of the Transferee Company, shall be published in the daily national newspapers, one in English may be published in Financial Express published from Delhi and the other in Hindi may be published in Dainik Jagran published from Jhansi in its Lalitpur Edition.
That voting by proxy shall be permitted, provided that a proxy in the prescribed form duly signed by the person entitled to attend and vote at the meeting is filed with the Transferee Company at its registered office not later than 48 hours before the meeting.
That the value of each shareholder/member and the value of each unsecured creditor shall be in accordance with the books of the Transferee Company and, where the entries in the books are disputed, the Chairman shall determine the value for purposes of the meeting.