Gujarat HC allows Resulting Company to skip shareholder meetings for Demerger Scheme

The Gujarat HC in 2016 permitted the Resulting Company to skip meetings of Shareholders and Unsecured Creditors for a Demerger Scheme. All stakeholders consented, validated by a Chartered Accountant. The application was resolved without requiring advertisement or publication.

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The Gujarat High Court, in 2016, allowed the Resulting Company to dispense with meetings of Shareholders and Unsecured Creditors for a proposed Scheme of Demerger. All Shareholders and Unsecured Creditors provided consent, certified by a Chartered Accountant. The application was disposed of without the need for advertisement or publication in the newspaper or Government Gazette.

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