IN RE Vs. ASTARC MANAGEMENT SERVICES PRIVATE LIMITED

JUDGEMENT

(1.) The present Scheme provides for amalgamation of Astarc Management Services Private Limited, ('the First Transferor Company' or 'the First Applicant Company') and Selection Agro Private Limited ('the Second Transferor Company' or the Second Applicant Company') with Astarc Enterprises Private Limited ('the Transferee Company' or 'the Third Applicant Company') and various other matters consequential to amalgamation or otherwise integrally connected therewith. The Learned Counsel for the Applicant Companies states that the First Applicant Company is a wholly owned subsidiary of the Transferee Company and is engaged in the business of providing varied management consultancy services through its asset base consisting of a pool of talented human resources. The Second Applicant Company is engaged in the business of renting/warehousing of its real estate assets. The Third Applicant Company is presently engaged in agro related business and proposes to promote/undertake the business of real estate development and commercial exploitation of its real estate assets besides providing specialised management services.

(2.) The rationale for the Scheme is to achieve the following benefits:

(3.) The meeting of the Equity Shareholders of the First Applicant Company, be convened and held at Astarc House, 76/79, Makwana Lane, Takpada, Off.Andheri Kurla Road, Marol, Andheri (East) , Mumbai-400059 on Monday, 12[h day of February, 2018 at 10.30 a.m. for the purpose of considering and, if thought fit, approving, with or without modification(s) , the proposed Scheme of Amalgamation of Astarc Management Services Private Limited, the First Transferor Company and Selection Agro Private Limited, the Second Transferor Company with Astarc Enterprises Private Limited, the Transferee Company.