the proposed Scheme of Amalgamation but in para 7.3 of his report he has observed that all the petitioner companies are closely held companies and are doing the business relating to making investment and/or granting loan & advances whereas there is no mention as to whether these companies are registered with RBI as NBFC, if so, whether they have obtained no objection from the RBI with regard to the proposed Scheme of Amalgamation. Further, as per balance sheet as at 31.03.2014, the transferor company nos. 3, 4 and 6 are having share application money pending for allotment and that none of the said companies have disclosed the treatment of such share application money pending for allotment. In response to the aforesaid observation, the petitioner companies in their affidavits dated 6th October, 2015 of Mr.Kunal Lalani, Director of transferor companies no. 1, 6 and the transferee company; Mr. Manish Jain, Director of transferor company no.2; Ms. Sachi Lalani, Director of transferor companies nos. 3, 4 & 5; and Mr. Surendra Chhalani, Director of transferor company no. 7, have submitted that none of the petitioner companies are NBFCs and therefore, the question of obtaining the NOC from the RBI with regard to the proposed Scheme of Amalgamation does not arise. It has been further submitted that transferor companies no. 3 and 4 have allotted the share application money and have also filed the requisite Form PAS-3 with the Registrar of Companies in this behalf. As regards the transferor
