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2. That
at least 21 clear days before the meetings be held as aforesaid,
Notice convening the said meetings, indicating the day, the date, the
place and the time as aforesaid, together with a copy of the Scheme
of Arrangement, copy of the Explanatory Statement required to be sent
under section 393 of the Companies Act, 1956 and the prescribed Form
of Proxy shall be sent by a prepaid letter posted under Certificate
of Posting, addressed to each of the Equity Shareholder, Secured
Creditor and Unsecured Creditor of the Company at their last known
address.
3. That
at least 21 clear days before the meetings to be held as aforesaid,
Notice convening the said meetings indicating the day, the date and
the place and time as aforesaid be published, stating that copies of
the Scheme of Arrangement, the Explanatory Statement required to be
furnished pursuant to Section 393 of the companies Act, 1956 and Form
of Proxy can be obtained free of charge at the registered office of
the applicant company and/or at its Advocate's office i.e. 204,
Akanksha, Opposite Vadilal House,Mithakhali, Navrangpura, Ahmedabad
380 009, once each in Indian Express, English daily (Ahmedabad
Edittion) and Jansatta, Gujarati daily (Ahmedabad edition).
6. That
the quorum for all the three meetings of the Secured Creditors,
Equity Shareholders and Unsecured Creditors shall be 5 (Five) members
present in person, through proxy or through the authorised
representatives.
7. That
voting by proxy is permitted provided that the proxy in the
prescribed form and duly signed by the person entitled to attend and
vote at the aforesaid meetings, or by his authorised representative,
is filed with the applicants at their office at Ahmedabad, not later
than 48 hours before the said meetings.