M/S Galven Techno Solutions Pvt. Ltd., v. -

HONOURABLE SRI JUSTICE CHALLA KODANDA RAM COMPANY APPLICATION No. 107 OF 2016 DATED 10th February, 2016 In the matter of M/s. Galven Techno Solutions Private Limited Cheepurupalli, Vizianagaram District, rep. by its Director Sri G.Babu Rao ....Applicant/Transferee Company HONOURABLE SRI JUSTICE CHALLA KODANDA RAM COMPANY APPLICATION No. 107 OF 2016 ORDER:

This Company Application is filed by M/s. Galven Techno Solutions Private Limited-Transferee Company for a direction to dispense with the requirement of convening the meeting of its shareholders for consideration of the proposed scheme of amalgamation between it (applicant company) and M/s. Lakshmi Techno Solutions Private Limited-Transferor Company. It is submitted by the learned counsel for the applicant that there are two shareholders to the applicant company and the entire shares of the company are held between the applicant company's two share holders as per the details mentioned below:

Sl.

No.

Name of the share holder No. of equity shares of Rs.10/- each Nominal Value 1.

M/s.

Lakshmi Techno Solutions Privt. Ltd Himayatnagar, Hyd 9,999 Rs.99,990 Mr. Gadde Babu Rao, Chipurupalli, Vizianagaram-02,AP Rs.10 Total 10,000 Rs.1,00,000

The above persons have given their consent by way of affidavits, which are at Ex.VIII.

Heard the learned counsel for the applicant and perused the record.

As per the certificate furnished by the Registrar of Companies and as per the balance sheet the authorised share capital of the transferee company is Rs.1,00,000/- divided into 10,000 equity shares of Rs.10/- each. As per the consent affidavits of the respective shareholders, the persons mentioned above are holding maximum shareholdings and as they have given consent / no objection for the proposed Scheme of Amalgamation, no useful purpose will be served by directing to convene the shareholders meeting and it is only a futile exercise. Therefore, the applicant has made out a case for dispensing with the meeting of its shareholders for consideration of the proposed scheme of amalgamation between it and M/s. Lakshmi Techno Solutions Private Limited.

Accordingly, the company application is allowed. __________________________________ JUSTICE CHALLA KODANDA RAM Dated: 10th February, 2016 Msnrx