https://www.taxtmi.com/caselaws?id=98972 The court sanctioned the scheme of arrangement and amalgamation of two sister-companies, Union Services Private Ltd. and Union Company (Motors) Private Ltd., under sections 391 and 394 of the Companies Act, 1956. Despite the Registrar of Companies' objection for the transferee-company to join as a petitioner, the court noted the unanimous shareholder support for the merger, making the transferee-company's participation unnecessary. While recognizing the statutory requirement for the transferee-company to hold a shareholder meeting, the court adjourned the petition to allow compliance, emphasizing the importance of meeting statutory obligations while acknowledging the benefits and shareholder backing for the amalgamation. en-us Tue, 11 Apr 1972 00:00:00 +0530 Tue, 24 Jan 2012 17:11:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98972 The court sanctioned the scheme of arrangement and amalgamation of two sister-companies, Union Services Private Ltd. and Union Company (Motors) Private Ltd., under sections 391 and 394 of the Companies Act, 1956. Despite the Registrar of Companies' objection for the transferee-company to join as a petitioner, the court noted the unanimous shareholder support for the merger, making the transferee-company's participation unnecessary. While recognizing the statutory requirement for the transferee-company to hold a shareholder meeting, the court adjourned the petition to allow compliance, emphasizing the importance of meeting statutory obligations while acknowledging the benefits and shareholder backing for the amalgamation. Case-Laws Companies Law Tue, 11 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98972