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Such Chairpersons or any persons authorised by them do issue and send out the notice of the meetings referred to above.

The quorum for the meetings of the shareholders of the transferor companies be fixed at 2(two) and that of the transferee company be fixed at 5(five) persons, present either in person or by proxy.

Voting by proxy be permitted, provided that a proxy in the prescribed form only signed by the person(s) entitled to attend and to vote at the meeting(s), is filed with the respective companies at the registered offices not later than fortyeight hours before the said meeting(s). The Chairmen/Chairpersons shall have the power to adjourn the meeting(s), if necessary.