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(viii) That at least 21 clear days before the day appointed for the meetings, an advertisement convening the same and stating that copies of the said scheme of compromise and arrangement and of the statement required to be furnished pursuant to section 393 and forms of proxy can be obtained free of charge at the registered office of the company or at the office of the advocate, be inserted once in each of Gujarat Samachar and Times of India, both Ahmedabad edition, while the publication in the Government Gazette shall be dispensed with.

(ix) That in addition, at least 21 dear days before the meetings to be held as aforesaid a notice convening the said meetings at the time and place aforesaid together with a copy of the said compromise and arrangement a copy of the said statement required to be sent under section 393 and the prescribed form of proxy shall be sent by prepaid letter post under certificate of posting addressed to each equity shareholder, preference shareholder, 13.5 per cent. partly convertible debenture holders, secured creditor, unsecured creditor, preferential shareholder and employees at their respective registered or last known addresses.

(xiii) That the quorum for the said meetings shall be decided by the chairman for the respective meetings.

(xiv) That voting by proxy be permitted, provided that a proxy in the prescribed form duly signed by the person entitled to vote at the meetings is filed with the applicant-company at its registered office at Gandhi Majoor Sevalaya, Bhadra, Ahmedabad, not later than 48 hours before the respective meeting.

(xv) That the value of each member or creditor shall be in accordance with the books of the company and where the entries in the books are disputed, the chairman shall determine the value for the purpose of the meeting.