Law: Companies Ordinance, 1984

Section: 284,287

Companies Ordinance (XLVII of 1984)--- ----Ss. 284 & 287---Amalgamation and merger of companies ---Object--­Economy of scales, achieving of---Companies were doing the same business and were being controlled and managed by common management--Interest of shareholders and directors was common and it was not necessary to maintain two separate and distinctive registered offices---Object of merger was to achieve the economy of scales and to carry on the business more economically and efficiently and to cut unnecessary administrative costs--­Directors of both the companies had no objection to the merger/amalgamation---Petition was allowed accordingly. ORDER This is a petition for amalgamation and merger of petitioner No.2 into petitioner No. 1. Petitioner No. 1 is a private limited company incorporated under Companies Ordinance carrying on business of tannery' and manufacture ox leather garments etc. The petitioner No.2 is doing the same business as petitioner No. 1. The nature of business and operations of both the petitioners are the same. Both the petitioners are controlled and managed by common management. Both the petitioners are being managed independently as required by law by their own…

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