arrangement sanctioned in respect of a banking company under Section 391 of the Companies Act, 1956
is being worked at the commencement of the Banking ... banking company and all questions whatsoever which arise in respect thereof even in respect of an application under Section 391 of the Companies Act
time to time extended.
The company thereafter filed the company petition under Section 391 (1) of the
Companies Act, 1956 being ... amalgamation of a company owning an industrial undertaking with another
company."
The Companies Act, 1956
20. Section 391 of the Companies Act, 1956 reads
petitioner-company and that the petitioner-bank be dissolved without winding up under Sections 391 and 394 of the Companies Act, 1956. It is alleged ... company and cannot be sanctioned. Mr. Bachawat also submitted that under the Companies Act, 1956 , Section 17(1)(g) read with Section 391(1) refers
English Companies Act which corresponds to Section 494 of 1956 Companies Act and Section 213 of the 1913 Companies Act and Section 208C ... Section 287 of the English Act. In other words the requirements of Section 287 of the English Act or Section 494 of the Companies Act
Arrangement or
compromise is sanctioned by the Company Court under Section 391 of
the Companies Act. Such a scheme can be enforced by the Court ... Section 391 sub-Section (1).
5. That all the requisite material
contemplated by the
provision of sub-Section (2) of
Section 391 of the Act
scope of Section 153A of the Companies Act, 1913, which is similar to the provisions of Section 394 of the Companies. Act, 1956, the Court ... scheme of reconstruction or amalgamation under Section 394 read with Section 391 of the Companies Act, 1956, is neither a 'conveyance
scheme of (SIC) or amalgamation under Section 394 read with Section 391 of The Companies Act, 1956 is liable to be stamped in accordance with ... amalgamation proposed by the appellant No. 1 company under Sections 391 and 394 of the Companies Act in Company Petition
definition section, namely, Section 2 , Sub-sections (10), (16) and (18), that company, existing company and Government company are defined. Government company as defined means ... Sections 224 to 233 of the Companies Act, are to apply to Government companies as enacted in Section 619. Section 620 of the Companies Act
Companies Act, 1956, to pass an order as asked for. He also referred to Section 392(1)(b) of the Companies Act, 1956, which runs ... scheme has been sanctioned under Section 391(2) after due compliance with Section 391(1) of the Companies Act, 1956, if there is any difficulty
person interested in the company's affairs order its winding up.....Sub-section (2) of Section 391 of the Act allows the decision ... made an order sanctioning a compromise or arrangement under Section 391 of the Companies Act, 1956, the powers which could be exercised by the court
