RAMASWAMI
In re Southern Automotive Corporation Private Ltd. . – Appellant
Versus
. – Respondent
ORDER : This is an application for dispensing with the calling of an extraordinary general meeting of the Southern Automotive Private Ltd., Madras.
2. The Southern Automotive Corporation Private Ltd. has filed a petition for obtaining the sanction of this court for amalgamation with another company, viz., the South India Automotive Corporation Private Ltd., which is carrying on similar business in the city of Madras. Section 394 of the Indian Companies Act, 1956 requires the convening of an extraordinary general meeting of the members under the directions of this court under S. 391 of the said Act for the purpose of considering and passing the proposed arrangement for amalgamation.
The applicant wants this procedure to be shortcircuited on the ground that there was a general meeting of the members on 15-6-1959, and that they have approved unanimously this arrangement for amalgamation, and that therefore the holding of an extraordinary general meeting of the company as required by S. 391 to consider and approve the amalgamation would be superfluous and would cause hardship, unnecessary expense and undue delay.
3. I am unable to accede to this request for these reasons. First o
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