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2023 Supreme(Online)(NCLT) 90

NATIONAL COMPANY LAW TRIBUNAL
Standard chartered Finance Private Limited VS


Advocates:
For the Petitioner:Debasis Lahiri

ORDER

1. The Bench is convened by video conference today i.e., 05.01.2023.

2. The Counsel for the Applicant Companies states that the present Scheme is of Amalgamation of Standard Chartered Private Equity Advisory (India) Private Limited (“Transferor Company No. 1”) and St. Helens’s Nominees (India) Private Limited (“Transferor Company No. 2”) with Standard Chartered Finance Private Limited (“Transferee Company”) and their respective Shareholders.

3. The Counsel for the Applicant Companies states that the Board of Di- rectors of the Transferor Companies and Transferee Company in their respective Board Meetings conducted on 08.06.2020 for the Transferor Companies and the Transferee Company have approved the Scheme.

The Appointed Date fixed under the Scheme is 01.04.2020.

4. The Transferor Company No. 1 is engaged in investment research and advisory activities and furnishes industry and market feedback to the clients primarily engaged in the investment activities.

5. The Transferor Company No. 2 was formed primarily as a nominee com- pany, to hold, in its name, on behalf of Standard Chartered Bank- India branches and its customers, various shares/debentures and other securi- ties in limite

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