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NATIONAL COMPANY LAW TRIBUNAL
Shri Prabhat Kumar, Justice V.G. Bisht (Retd.), JJ
MAVM Angels Network Private Limited – Appellant
Versus
360 One Distribution Services Limited – Respondent
| Table of Content |
|---|
| 1. approval of merger scheme. (Para 1 , 2 , 3) |
| 2. rationale for amalgamation. (Para 4 , 5) |
| 3. consideration for equity shareholders. (Para 6) |
| 4. no pending investigations against companies. (Para 7 , 12) |
| 5. share capital details of companies. (Para 8 , 9) |
| 6. consent from equity shareholders. (Para 10 , 11) |
| 7. unsecured creditors unaffected by scheme. (Para 13 , 14) |
| 8. net worth of applicant companies. (Para 15) |
| 9. notice requirements for regulatory authorities. (Para 16 , 17) |
| 10. additional compliance requirements. (Para 18 , 19) |
ORDER
1. The present Scheme is a Scheme of Merger by Absorption sought u/s 232 r/w Section 230 of the Companies Act, 2013 and other Applicable provisions of the Companies Act, 2013 between MAVM Angels Network Private Limited (Transferor Company) with 360 One Distribution Services Limited (Transferee Company) and their respective shareholders.
2. This Scheme provides for Merger by Absorption of the Transferor Company with and into the Transferee Company on a going concern basis.
3. The Board of Directors of the Applicant Companies in their respective meetings held on 26th September 2024 have approved the Scheme. The Appointed Date is 1st April 2024.
4. Th
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