Siemens Ltd has informed BSE that the Board of Directors of the Company has approved the proposal for the amalgamation of Siemens Rolling Stock Pvt. Ltd., Mumbai (SRSPL) with Siemens Ltd. This transaction is subject to receipt of all requisite consents, approvals, etc., of the members, statutory and regulatory authorities. SRSPL is a wholly owned subsidiary of the Company and is engaged into manufacturing of railway rolling stock.
Siemens Ltd has informed BSE that the 'Scheme of Amalgamation' of the Company's Wholly-owned subsidiary i.e. 'Siemens Rolling Stock Pvt. Ltd.,' (SRSPL), Mumbai with the Company (Siemens Ltd) has been sanctioned on April 27, 2011 by the Hon'ble High Court of Judicature at Bombay. As per the Scheme of Amalgamation, the 'Appointed Date' is October 01, 2009.
The said amalgamation will be effective only after the certified copy of the Order of the said High Court is filed with the Registrar of Companies.
(As Per BSE Announcement Website dated on 27.04.2011)
Siemens Ltd has informed BSE that :
'With reference to earlier announcement dated April 27, 2011 Informing that the Scheme of Amalgamation of Company's Wholly-owned subsidiary i.e. 'Siemens Rolling Stock Pvt. Ltd.,' (SRSPL), Mumbai with the Company (Siemens Ltd.) had been sanctioned by the Hon'ble High Court of Judicature at Bombay (BHC) on April 27, 2011.
We now wish to inform that the Company and SRSPL have on May 18, 2011 filed a certified copy of the BHC's Order with the Registrar of Companies, Mumbai. Accordingly, May 18, 2011 is the 'Effective Date' of the said amalgamation. The Appointed Date for this amalgamation October 01, 2009.
Thus with effect from May 18, 2011, SRSPL stands amalgamated with the Company and the legal entity of SRSPL stands dissolved without winding up. Further, the entire business and undertaking of SRSPL gets transferred to and in the name of the Company.
(As Per BSE Announcement Website dated on 25.05.2011) | Powered by Capital Market - Live News |
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