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Godrej Properties Ltd Announces Scheme of Amalgamation


Thursday, 10 Jan 2013 06:08am EST 

Godrej Properties Ltd announced that the Board of Directors of the Company , have on January 10, 2013, considered and approved the Scheme of Amalgamation of Godrej Waterside Properties Private Limited with Godrej Properties Limited (Scheme) under sections 391 to 394 of the Companies Act, 1956. No shares are proposed to be issued pursuant to the Scheme since Godrej Waterside Properties Private Limited is a wholly owned subsidiary of Godrej Properties Limited. The Scheme is subject to approval of the Hon’ble High Court of Judicature at Bombay, and the shareholders and creditors, if any, of Godrej Waterside Properties Private Limited, as may be directed by the Hon’ble High Court of Judicature at Bombay. The merger being of a 100% subsidiary Company into Godrej Properties Limited, a specific dispensation will be sought from the Hon’ble High Court of Judicature at Bombay from filing the application / petition by Godrej Properties Limited and accordingly, Godrej Properties Limited will not be required to file a petition with any High Court. 

Company Quote

246.9
-2.7 -1.08%
19 Dec 2014