Indianivesh Wealth Management Pvt Ltd v. --
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY OR IGINAL CIVIL JURISDICTION COMPANY SUMMONS FOR DIRECTION NO. 858 OF 2016 In the matter of the Companies Act, 1 of 1956 and other relevant provisions of the Companies Act, 2013;
AND In the matter of Sections 391 to 394 of the Companies Act, 1956 and other relevant provisions of the Companies Act, 2013;
AND In the matter of Scheme of Arrangement between INDIANIVESH SECURITIES LIMITED (the Demerged Company) and INDIANIVESH WEALTH MANAGEMENT PRIVATE LIMITED (the Resulting Company) INDIANIVESH WEALTH MANAGEMENT ) PRIVATE LIMITED, a company ) incorporated under the Companies Act, ) 1956 having its registered office at 601 & ) 602 Sukh Sagar, N.S. Patkar Marg, ) Girgaum Chowpatty Mumbai - 400007.
) ...Applicant Company.
Called Summons for Direction for hearing Mr. Rajesh Shah i/b M/s. Rajesh Shah & Co., Advocate for the Applicant Coram: A. K Menon, J.
Date: 27th October, 2016
MINUTES OF THE ORDER UPON the application of the Applicant Company above named by a Summons for Direction AND UPON HEARING Mr. Rajesh Shah instructed by M/s. Rajesh Shah & Co., Advocate for the Applicant Company, AND UPON READING the Affidavit dated 21st day of September, 2016 of Ms. Tejashree Khona, Authorised Signatory of the Applicant Company, in support of the Summons for Direction and the Exhibit therein referred to, IT IS ORDERED THAT :- 1.
The convening and holding the meeting of the Equity Shareholders of the Applicant Company for the purpose of considering and, if thought fit, approving, with or without modification(s) the proposed Scheme of Arrangement between INDIANIVESH SECURITIES LIMITED (the Demerged Company) and INDIANIVESH WEALTH MANAGEMENT PRIVATE LIMITED (the Resulting Company) is dispensed with in view of the consent given by all the Seven Equity Shareholders of the Applicant Company, which are annexed as Exhibits 'G-1' to 'G-7' to the Affidavit in support of Summons for Direction.
2.
That the question of convening and holding of the meeting of Unsecured Creditors and Unsecured Creditors does not arise as there are no Secured Creditors and Unsecured Creditors
as stated in paragraph 18 of the Affidavit in support of Summons for Direction.
(A. K. Menon, J.) CERTIFICATE I certify that this Order uploaded is a true and correct copy of original signed order.
Uploaded by : Shankar Gawde, Stenographer.