Corporate News     21-Aug-10
Genesys International Corporation's board approves scheme of amalgamation
On 20 August 2010
The board of Genesys International Corporation in its meeting on 20 August 2010 has considered and approved the scheme of amalgamation of Genesys Worldeye Ltd (100% wholly owned subsidiary company) with the company pursuant to Sections 391 to 394 of the Companies Act, 1956 subject to various approvals of the shareholders and creditors of the respective companies, the High Court of Judicature at Bombay, Stock Exchanges and other concerned authorities.

The appointed date of amalgamation is proposed to be 01 April 2010. Pursuant to amalgamation, all equity shares held by the company in Genesys Worldeye Ltd will be cancelled & extinguished.

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