Siemens Ltd has informed BSE that the 'Scheme of Amalgamation' of the Company's Wholly-owned subsidiaries i.e. 'Siemens Building Technologies Pvt. Ltd.' (SBTPL), Chennai and Vista Security Technics Pvt. Ltd. (Vista) (100% subsidiary of SBTPL), Chennai with the Company (Siemens Ltd.) has been sanctioned by the Honourable High Court of Judicature at Madras vide its order dated September 03, 2010 read with order dated October 05, 2010. As per the Scheme of Amalgamation, the 'Appointed Date' is October 01, 2010. Further, a certified copy of the said Order has been filed on October 15, 2010 ('Effective Date') with the Registrar of Companies.
Thus, with effect from October 01, 2010, SBTPL and Vista stands amalgamated with the Company and the legal entity of SBTPL and Vista stands dissolved without winding up. Further, the entire business and undertaking of SBTPL and Vista gets transferred to and In the name of the Company. | Powered by Capital Market - Live News |
|