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21. In case the quorum as noted above for the above meetings is not present at the meetings, then the meetings shall be adjourned by half an hour, and thereafter, the person(s) present and voting shall be deemed to constitute the quorum. For the purpose of computing the quorum, the valid proxies received by the relevant Applicant Companies shall also be considered, if the proxy in the prescribed form duly signed by the person entitled to attend and vote at the respective meetings is filed at the registered offices of the respective Applicant Companies at least 48 (forty eight) hours before the meeting. The Chairpersons and Alternate Chairpersons shall ensure that the proxy registers are properly maintained.

22. The Chairpersons and Alternate Chairpersons shall ensure that notices for convening the aforesaid meetings of, (a) unsecured creditors of the Transferor/ Applicant Company No. 1; (b) secured creditors and unsecured creditors of the Demerged/ Applicant Company No. 2; and (c) secured creditors and unsecured creditors of the Transferee/ Resulting/ Applicant Company No. 3, along with copies of the proposed Scheme and the statement under Section 393 of the Act along with the proxy form, shall be sent to the secured creditors and unsecured creditors of the respective Applicant Companies by speed post at their registered or last known addresses at least 21 (twenty one) days before the date appointed for the respective meetings, in their presence or in the presence of their authorized representatives.