HON’BLE SRI JUSTICE B. SESHASAYANA REDDY COMPANY APPLICATION No.516 of 2011 ORDER: This application has been filed by M/s. Anantha Lakxmi Biomass Power Project Private Limited under Sections 391 and 394 of the Companies Act, 1956 (for short ‘the Act’) read with Rule 9 of Companies (Court) Rules, 1959 (for short ‘the Rules’) with a prayer to dispense with the meeting of the shareholders. The applicant is a private limited company incorporated under the Act in the State of Andhra Pradesh pursuant to the Certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh, on 15.06.1999. Registered office of the company is situated at 4-82, I lane, Pandaripuram, Chilakaluripet, Andhra Pradesh. The main objects of the company, as set out in its Memorandum of Association, are to carry on and to generate, harness, accumulate and supply electricity by setting up power plants by use of liquid etc. The authorised share capital of the applicant company is Rs.10,00,000/- divided into 1,00,000/- equity shares of Rs.10/- each. The Present Issued, Subscribed and Paid Up Capital is Rs.10,00,000/- divided into 1,00,000/- fully paid up equity Shares of Rs.10/- each. The applicant company is sought to amalgamate M/s. Sainath Power Concepts Private Limited. The Board of Directors of the applicant company approved the scheme of amalgamation. There are only two shareholders and they are Sri Vangapally Srihari Rao holding 1,090 equity shares and M/s. Sainath Power Concepts Private Limited, holding 98,910 equity shares. Both the shareholders have placed on record their notarised affidavits. Sri V.Srihari Rao has given his consent. His notarised affidavit finds place at page 104 of the material papers. Sri P.Surender Reddy, Addl. Director and authorised person of M/s. Sainath Power Concepts Private Limited has placed on record his notarised affidavit, which finds place at page No.105. The Board of Directors of M/s. Sainath Power Concepts Private Limited authorised him to issue no objection for the scheme of amalgamation of the applicant company. Hence this application. Heard learned counsel appearing for the applicant and perused the material placed on record. I have gone through the affidavits of Sri V.Srihari Rao and P.Surender Reddy. They are the only shareholders in the company. They have placed on record their notarised affidavits consenting for the approval of the scheme of amalgamation. In that view of the matter, I find that there is no impediment in dispensing with the meeting of the shareholders of the applicant company. Accordingly, the Company Application is ordered. ______________________________ JUSTICE B. SESHASAYANA REDDY 11th April, 2011 VJL