Case Law Details
Merely requires the Chairman’s Report to state accurately the number inter-alia of persons who were present and who voted at the meeting either in person or by proxy, their individual values and the way they voted.
ORAL JUDGEMENT :-
The Petitioner seeks an order sanctioning a scheme of arrangement between itself and four transfer or companies Cairn Energy India Pvt. Ltd. (“CEIPL”), Cairn Energy India West B.V., (“CE India West”), Cairn Energy Cam bay B.V. (“CE Cam bay”) and Cairn Energy Gujarat B.V. (“CE Gujarat”). The first transfer-or company is incorporated in Australia and the others are incorporated in Netherlands. Under the scheme, the entire business relating to the Indian undertakings of the transfer or companies are to stand transferred to and vested in the Petitioner with effect from the appointed date without any further act or deed pursuant to the provisions of 391 and 394 of the Companies Act, 1956.
ORAL JUDGEMENT
The Petitioner seeks an order sanctioning a scheme of arrangement between itself and four transfer-or companies Cairn Energy India Pvt. Ltd. (“CEIPL”), Cairn Energy India West B.V., (“CE India West”) Cairn Energy Cambay B.V. (“CE Cam bay”) and Cairn Energy Gujarat B.V. (“CE Gujarat”). The first transfer-or company is incorporated in Australia and the others are incorporated in Netherlands. Under the scheme, the entire business relating to the Indian undertakings of the transfer-or companies are to stand transferred to and vested in the Petitioner with effect from the appointed date without any further act or deed pursuant to the provisions of 391 and 394 of the Companies Act, 1956.
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