APTAR BEAUTY & HOME INDIA PRIVATE LIMITED Vs. REGISTRAR OF COMPANIES, ANDHRA PRADESH AND TELANGANA AND ORS

JUDGEMENT

(1.) The present application bearing CA (CAA) No.116 /230/HDB/ 2017 is filed by APTAR BEAUTY & HOME INDIA PRIVATE LIMITED U/s 230-232 of the Companies Act, 2016 R/w Rule 3 of Companies(Compromise, Arrangements & Amalgamations) Rules, 2016 by the seeking the following relief:

(2.) The brief facts as stated in the Company application are as follows:

(3.) The Board of the Directors of the Company by taking on record the valuation report submitted Sudit K.Parekh & Co. Charged Accountants, approves the share exchange ratio of one equity shares of Rs. 10/-each paid up of Transferee for every 50 equity shares Rs. 10 each paid and held by the shareholders of the Transferor Company has placed before its meeting held on 4th August, 2017 for approval. Accordingly, the Board of Directors of the Company vide its resolution dated 4th August, 2017 has approved the Scheme of Amalgamation for merger of Aptar Beauty & Home Private Limited (Transferor Company) with Aptar Pharma India Private Limited(Transferee Company)subject to approval of NCLT.