NATIONAL COMPANY LAW TRIBUNAL
Shri Prabhat Kumar, J, Justice V.G. Bisht (Retd.), Hon’ble Member (Technical), Hon’ble Member (Judicial),
GENESIS COLORS LIMITED VS
| Table of Content |
|---|
| 1. composite scheme of arrangement under companies act (Para 1 , 2 , 3) |
| 2. business operations and rationale for amalgamation (Para 4 , 5 , 6) |
| 3. share capital details of transferor companies (Para 7 , 8 , 17) |
| 4. meeting convening and chairperson appointment (Para 18 , 19 , 20) |
| 5. voting and quorum requirements for meetings (Para 21 , 22 , 23) |
| 6. notice requirements for shareholder meetings (Para 24 , 25 , 26) |
| 7. consent of shareholders and dispensation of meetings (Para 27 , 28 , 29) |
| 8. unsecured creditors and their consent (Para 30 , 31 , 32) |
| 9. unsecured creditors' consent and meeting dispensation (Para 33 , 34 , 35) |
| 10. unsecured creditors of transferee company (Para 36 , 37 , 38) |
| 11. majority consent of unsecured creditors (Para 39 , 40 , 41) |
| 12. directives for remaining unsecured creditors (Para 42 , 43 , 44) |
| 13. verification of unsecured creditors (Para 45 , 46 , 47) |
| 14. notice to regulatory authorities (Para 48 , 49 , 50) |
| 15. final order and compliance requirements (Para 51 , 52 , 53) |
ORDER
1. The present scheme is the Composite Scheme of Arrangement sought u/s 232 r/w Section 230 r/w Section 66 of the Companies Act, 2013 and other Applicable provisions of the Companies Act
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