2 Prior to the appointed date under the scheme, which is a scheme of amalgamation, certain share application monies were received for allotment of preference shares. The share allotment procedure, however, was not completed by the appointed date. The share application monies and the corresponding number of shares were accounted for and included as part of the equity share capital of the transferor companies and the Applicant company during the preparation of scheme. This was an inadvertent error as these share application monies and shares ought not to have been treated as share capital, since the allotment was not complete as of the appointed date. This inadvertent error is sought to be rectified by the present amendment application. There is a tabular presentation of the share capital money and the equity shares allotted against the money. The paid up share capital reflected in the scheme and the actual share capital as on the appointed date are also set out in the tabular presentation. The Applicant company has already obtained written consents from the original shareholders of the transferor companies nos.1, 2 and 3 and also shareholders of the Applicant transferee company for modification of the scheme in terms of the present application.
