(11-Nov-2011 Hours IST)
Tata Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 11, 2011, approved the Scheme of Amalgamation ('the Scheme') of Wyoming 1 (Mauritius) Pvt. Ltd. (Wyoming 1) with the Company. Wyoming 1 is a wholly owned subsidiary of the Company with its registered office in Mauritius. The Appointed Date of the Scheme is January 01, 2012. Upon the Scheme coming into effect and in terms of the Scheme of amalgamation, all assets and liabilities of Wyoming 1 shall, under the provisions of Sections 391 to 394 of the Companies Act 1956 and pursuant to the Order of the High Court sanctioning the Scheme and upon compliance with the process specified in the Scheme, will be transferred to and vested in the Company and all shares of Wyoming 1 stand cancelled. No shares of the Company will be issued and allotted in lieu or exchange of the Equity Shares of Wyoming 1. The Scheme is subject to and conditional upon requisite approvals and sanctions being received thereof, including approvals and orders under Sections 391 and 394 of the Companies Act, 1956, as may be required in India and such regulatory approvals as may be required under Mauritius Companies Act. Tata Chemicals Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has vide its Order dated May 04, 2012 sanctioned the Scheme of Amalgamation of Wyoming 1 (Mauritius) Pvt. Ld. (Wyoming 1), a wholly owned subsidiary of the Company, with the Company ('the Scheme'). Pursuant to the said Order, the Certified Copy sanctioning the Scheme from January 01, 2012, being the Appoited Dae, has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai on May 23, 2012. Thus, the Scheme has become effective from May 23, 2012. Accordingly, in terms of the Scheme, all assets ad liabilities of Wyoming 1, under the provisions of Sections 391 to 394 of the Companies Act 1956, stands transferred to and vested in theCompany. As Wyoming 1 is a wholly owned subsidiary, no shares of the Company will be issued and allotted in lieu or exchange of the Equity Shares of Wyoming 1. (As Per BSE Announcement Website Dated on 24/05/2012)
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