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That at least 21 clear days before the day appointed for the meeting, an advertisement convening the same and stating that copies of the said compromise or 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 office of the advocate of the applicants i.e. 'Rashmi', 24, Saurabh Society, Manav Mandir Road, Navrangpura, Ahmedabad 380009 be published in the Indian Express, Ahmedabad Edition and Jansatta (vernacular) Ahmedabad Edition. The publication in the official gazette is dispensed with.

That in addition at least 21 clear days before the meeting to be held as aforesaid, a notice convening the meeting/s at the place and time aforesaid together with a copy of the said compromise / arrangement, a copy of the 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 each of the secured creditor, statutory creditors, other creditors, (to the extent not dispensed with hereinabove) and equity shareholders at their respective last known address.

The quorum for the meeting of the Secured Creditors, Statutory Creditors, shall be 2(two) and that of the equity shareholders and other creditors the same shall be 3 (three) respectively, either present in person or through proxy or through authorized representative.

That the voting by proxy be permitted, provided that a proxy in the prescribed form duly signed by the person entitled to attend and vote at the meeting or by his authorized representative is filed with the applicant No.2's office at 'Sera' not later than 48 hours before the meeting.