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The Hon’ble High Court of Gujarat has sanctioned the Scheme of Amalgamation in the nature of Amalgamation of Metrochem Industries Limited (MCIL) with Global Boards Limited (GBL) pursuant to the order dated 31st January, 2011 and we have received Certified Copy of the same order on 15th February, 2011.
The Hon’ble High Court of Bombay has sanctioned the Scheme of Amalgamation in the nature of Amalgamation of Metrochem Industries Limited with Global Boards limited pursuant to the order
dated 10th June, 2011 and we have received Authenticated Copy of the same order on 8th July, 2011.
 
Please note that the name of the company has been changed to METROGLOBAL LIMITED (Formerly known as Global Boards Limited) w.e.f 02/09/2011, as approved by ROC, Maharashtra.Scheme of Amalgamation is in the nature of Amalgamation of Metrochem Industries Limited with Global Boards Limited and restructure of Share Capital of Global Boards limited and their respective Shareholders. Metrochem Industries Limited and Global Boards Limited have filed Form No 21 with Registrar of Companies, Gujarat on 17th February, 2011 and Registrar of Companies, Bombay on 13th July, 2011.As per the PART I of the Composite Modified Scheme of Arrangement definition Clause 1.9.3 which is reproduced below:

“1.9.3 Without prejudice to the generality of sub-clause 0,the reserves, movable and immovable properties, tangible assets, including leasehold rights, tenancy rights, licenses, permits, authorisations, quota rights, Intellectual Property rights, rights and benefits of all agreements and all other interests, incentives, rights and powers of every kind, nature and description whatsoever, privileges, liberties, easements, advantages, benefits and approvals of whatsoever nature and wheresoever situated and belonging to or in the ownership, power, possession or control of MCIL.”Please note that MCIL is the Transferor Company and GBL is the Transferee Company has been defined under PART I of the Definitions Clause 1.7 and 1.8 respectively.
 
 
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