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The court must be satisfied that statutory majority are acting in bona fide manner and that any intelligent and honest man belonged to the class would approve the scheme.

CREDITOR’S RESOLUTIION – NECESSARY The creditors have to pass requisite resolution for a scheme on arrangement or compromise with them.

Differs from a consolidation in that no new entity is created from a merger The terms merger and amalgamation have not been defined in the Companies Act, 1956 (hereinafter referred to as the Act) though this voluminous piece of legislation contains 69 definitions in Section 2.

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Woman will talk to potential clients and chat with them and perform various acts as desired by clients. Payment will be based on percentage of sales volume and performance. * This is an internship job * OK for recruiters to contact this job poster. * Please do not contact job poster about other services, products or commercial interests.

Potential launch date of the company is 9/1/2010 or based on feedback received.

Woman will receive, as before mentioned, a free cell phone and a very competitive salary.

Please send information and pictures - we would like to launch sooner than 9/1/2010.

That was quick: Just a few days after Apple's i Phone 4 went on sale -- featuring video chat capabilities -- the "Face Time" sex chat services are already starting up.

Here's a Craigslist ad offering a free i Phone 4 and a "very competitive salary" to girls who want to participate (via Clint Ecker).

Where application section 391(1) is considered, The Calcutta High Court has held that no notice to Central Government is necessary.

However, Allahabad High Court has held that in such a matter both the Central Government and the Shareholders of the company is entitled to be heard before any decision is made under this section.

A Foreign company which is an unregistered company is a ‘company’ under this section .

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