Sections 287 and 284 (1) of the Registration Act (XVI of 1908), the applicants for the approval of the ratio / combination scheme between the 17 applicant companies and the assets of the transferring company between the two companies were settled. Similarly, as originally stated in the Scheme, the applicant companies had specified that the transfer of assets and liabilities, including immovable property from one company to another, under the merger and settlement scheme. Will not be needed. In the case of the High Court passing the order of approval of the scheme, it was necessary to have the registration of the equipment specifically reached under section 17, Registration Act, 1908, Section 287 (2), Companies Ordinance, 1984. This was not applicable due to the provisions of the applications. The order of approval of the scheme under section 287, Companies Ordinance, 1984 affected the merger / merger according to the date of transfer of the scheme to the scheme approved by the members of the respective companies and not to the date of the court order, The provisions of the Ordinance, 1984, were fully applicable to the scheme submitted for approval by the High. The court high court ordered accordingly
Related judgments — Lahore High Court Lahore, 2010
