In continuation of earlier intimations dated July 06, 2020, July 07, 2020 and January 22, 2021 regarding closure of Two Wholly Owned Subsidiaries i.e. NBCC Environment Engineering Limited and NBCC International Limited through Merger with holding Company i.e. NBCC (India) Limited, it is submitted that the Board of Directors of respective Transferee and Transferor Companies have approved the withdrawal of the Scheme of undergoing Merger from Ministry of Corporate Affairs (Approving Authority for merger of Government Companies) and decided to close both the Wholly Owned Subsidiary Companies through Voluntary Winding-Up.
It is further informed that Ministry of Corporate Affairs (MCA) vide its letter dated August 4, 2022 (Received on August 11, 2022), has informed that the first motion application for approval of scheme of merger filed with MCA has been treated as closed with a liberty to file a fresh application.
|