Milan ShahIndustry-wise breakup of the schemes filed is as follows:
| Industry | No. of Deals | |
| June 2016 | April 2016 | |
| Agriculture | 1 | 3 |
| Chemicals | 4 | 3 |
| Entertainments | – | 5 |
| Financial Services | 7 | 16 |
| Information Technology | 1 | 11 |
| Investment | 1 | 2 |
| Others | 2 | 13 |
| Pharmaceuticals | – | – |
| Power | 2 | 2 |
| Publication | – | 1 |
| Real Estate | 2 | 16 |
| Travel Support Services | – | – |
| Textile | 1 | 3 |
| Total | 21 | 75 |
This month 21 (Twenty-one) Schemes were filed, involving 61 (Sixty-one) Companies, of which 16 (Sixteen) Schemes were Scheme of Amalgamation, 3 (Three) Schemes were Scheme of Demerger and 1(One) was Scheme of Arrangement, 1(One) was Composite Scheme of Arrangement.
Other facts are:-
- 2 (Two) Companies were Listed Company.
- 8 (Eight) Companies have paid-up Capital of more than Rs. 10 Crores.
- 2 (Two) Schemes were Merger between Holding Company and Subsidiary Company.
DETAILS OF SCHEME
SCHEME OF AMALGAMATION:
BALKRISHNA SYNTHETICS LIMITED WITH SIYARAM SILK MILLS LIMITED
Siyaram Silk Mills Limited, the Transferee Company has not filed application for Amalgamation with the High Court based on the Judgment in case of Mahaamba Investments Limited and IDI Limited (2001) 105 Company Cases page 16 to 18, that if there is no effect on the rights of the members or creditors of the Transferee Company as between themselves or does not involve reorganisation of the share capital of the Transferee Company, no application/petition by the Transferee Company is necessary.
PETITIONS ADMITTED
The number of Schemes admitted was 32 (Thirty-two) of which 27 (Twenty-seven) Schemes were Schemes of Amalgamation, 1(One) Schemes was Schemes of Arrangement, 3(Three) Schemes were Schemes of Demerger, 1(One) was Composite Scheme of Arrangement.
IMPORTANT ONES ARE LISTED BELOW:
Scheme of Amalgamation
- Kirloskar Systech Limited with Kirloskar Brothers Limited.
- Jet Lite (India) Limited with Jet Airways (India) Limited.
- Whitehills Advisory Services Private Limited with Essel Propack Limited
Scheme of Arrangement
- Crystal Sound & Music Private Limited and Spectrum Broadcast Holdings Private Limited and Jagran Prakashan Limited and Shri Puran Multimedia Limited and Music Broadcast Limited.
PETITIONS SANCTIONED
The numbers of Schemes sanctioned were 16 (Sixteen) of which 13 (Thirteen) Schemes were Schemes of Amalgamation, 2 (Two) Schemes were Schemes of Demerger, 1 (Three) Scheme was Composite Scheme of Arrangement.
IMPORTANT ONES ARE LISTED BELOW:
Scheme of Amalgamation
- Gitanjali Exports Corporations Limited with Gitanjali Gems Limited
Scheme of Demerger
LKP Finance Limited and LKP Securities Limited.
