Company Application No. 717 of 2012 · High Court

THE HON’BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.717 of 2012 ORDER This application has been taken out by Koppal Green Power Limited (hereinafter referred to as the “transferee company” or the “applicant Company”) under sections 391 and 394 of Companies Act, 1956, read with Rule 9 of Companies Court Rules, 1959, to dispense with the convening of the meeting of the shareholders. Koppal Green Power Limited was incorporated on

29.05.2000 under the provisions of Indian Companies Act, 1956. The registered office of the company is situated at H.No.1- 88/1/102, 102, Shanti Vanam, Kavuri Hills Extension Hyderabad- 500033, Andhra Pradesh. The main objects of the company are:- to carry on the business to generate, harness, develop, accumulate, distribute and supply electricity by setting up Thermal, Hydro, biomass power plants by use of solid liquid and gaseous fuels for the purposes of light, head motive power etc., which are more fully described in paragraph No.4 of the affidavit. The authorized share capital of the company is Rs.8,00,00,000/- divided into 80,00,000 equity shares of Rs.10/- each. The present issued, subscribed and paid up capital of the company is Rs.7,75,69,560/-. SNS Foods Private Limited (herein after referred to as the “transferor company, SNCFPL”) is a company incorporated under the Indian Companies Act, 1956 in the State of Andhra Pradesh vide Certificate of Incorporation No.01-66083. The registered office of the company is situated at H.No.1-88/1/102, 102, Shanti Vanam, Kavuri Hills Extension, Hyderabad-500033, Andhra Pradesh. The objects of the company are:- to manufacture, mill, produce, process, prepare, disinfect, compound, mix, clean, wash, concentrate, crush, grind, segregate, etc., more fully described in paragraph 7 ( c ) of the affidavit. The Board of Directors of the applicant company in its meeting held on 31st March, 2012 passed a resolution approving the Scheme of Amalgamation to be effective from 1st April, 2012, subject to the approval/directions of this Court. There are 10 shareholders in the applicant company. All the shareholders have been placed on record their affidavits consenting the proposed scheme of amalgamation. In that view of the matter, I find that there is no impediment in dispensing with the meeting of the shareholders of the applicant company. Accordingly, the company application is ordered. ______________________ B.SESHASAYANA REDDY,J Dated: 29-6-2012