Indian Kanoon - Search engine for Indian Law

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 amalgamation, 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 pre-paid letter posted under Certificate of posting, addressed to each of the secured creditor and unsecured creditor of the applicant company at their last known address.

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 amalgamation, 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, opp. Vadilal House, Mithakhali, Navrangpura, Ahmedabad 380 009, once each in Indian Express, English daily and Loksatta Jansatta, Gujarati daily, both Ahmedabad editions.

That the quorum for the meeting of the secured creditors shall be 2 (two) authorised representatives present in person or by proxy. And quorum for the meeting of unsecured creditors shall be 5 (five) authorised representatives present in person or by proxy.

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 applicant company at its registered office at Ahmedabad, not later than 48 hours before the said meetings.