https://www.taxtmi.com/caselaws?id=99293 The court sanctioned the scheme of amalgamation under sections 391, 392, 393, and 394 of the Companies Act, 1956, approving the merger of a UK-incorporated company with an Indian company. The court ordered the dissolution of the UK company without winding up, citing the powers granted under section 394(1)(iv) for such actions. It clarified that the necessity of altering the memorandum of association for amalgamation was not required, as statutory provisions sufficed. The court emphasized that the report from the official liquidator was not mandatory for going concerns, aligning its decision with the statutory framework and dismissing objections from the Company Law Board. en-us Wed, 06 Feb 1974 00:00:00 +0530 Wed, 25 Jan 2012 18:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99293 The court sanctioned the scheme of amalgamation under sections 391, 392, 393, and 394 of the Companies Act, 1956, approving the merger of a UK-incorporated company with an Indian company. The court ordered the dissolution of the UK company without winding up, citing the powers granted under section 394(1)(iv) for such actions. It clarified that the necessity of altering the memorandum of association for amalgamation was not required, as statutory provisions sufficed. The court emphasized that the report from the official liquidator was not mandatory for going concerns, aligning its decision with the statutory framework and dismissing objections from the Company Law Board. Case-Laws Companies Law Wed, 06 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99293