Thursday, February 12, 2009

Companies Act_Practical Problems_58

The majority shareholders of Priya Ltd., after approving the scheme of amalgamation with Ash Ltd., approached the Board of directors of Priya Ltd. with
a request to withdraw the petition filed by the company seeking court’s confirmation. Advise the Board of directors on the course of action to be followed.

Companies Act_Practical Problems_57

A scheme of arrangement confirmed by the court provided for the change in the name of the company. After the scheme is confirmed, the company applied to the Registrar of Companies (ROC) to change the name of the company and issue a fresh certificate of incorporation. ROC refused to effect change of name. Will the stand of the ROC withstand the legal scrutiny ?