NCLT Mumbai allows application seeking directions for amalgamation of Neotrex Steel Wires with Vinamra Consultancy under Companies Act 2013.
Transferor company Neotrex has Rs 5.01 crore paid-up capital with 2 shareholders and no creditors, meeting dispensation granted.
Transferee company Vinamra has Rs 11.67 crore paid-up capital with 3 equity and 5 preference shareholders, all consents obtained.
Tribunal directs service of notices to regulatory authorities including ROC, Income Tax, GST, and Central Government.