applicant company as on 31.03.2009 is Rs.1,50,00,000/- divided into 15,00,000 equity shares of Rs.10/- each. The issued, subscribed and paid up capital is Rs.1,19,10,000/- divided into 11,91,000 equity shares of Rs.10/- each fully paid up. The main objects of the applicant company is to carry on the business of running, re-rolling mill for the manufacture of steel, plates, sheets, angles, bars, rods, wire drawings of different sizes and specifications of all types of mild, high carbon special steels etc. The applicant company is being merged with Ananda Profiles Private Limited (hereinafter referred to as ‘the transferee company’) under the scheme of amalgamation. The authorized, issued, subscribed and paid up capital of the transferee company is Rs.5,00,00,000/- divided into 50,00,000 equity shares of Rs.10/- each. The issued, subscribed and paid up capital is 4,65,68,590/- divided in to 46,56,859 equity shares of Rs.10/- each fully paid up. The main features of the scheme of amalgamation have been stated in para.13 of the application. The applicant company has only 8 shareholders. All the shareholders have placed on record their affidavits reporting no objection for the proposed scheme of amalgamation. Hence, this application by the applicant company to dispense with the holding of the meeting of the shareholders of the applicant company.
