If Transferor Company is wholly owned subsidiary of Transferee Company & there is no reorganization of share capital of Transferee Company & Creditors & Shareholders of Transferee Company are not affected by the implementation of the Scheme, the requirement for holding meetings of the Shareholders, Secured & Unsecured Creditors may be dispensed with – Reliance Industries Ltd. Vs. Registrar of Companies – NCLAT New Delhi
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