https://www.taxtmi.com/caselaws?id=99659 Sections 391, 394 and 394A of the Companies Act were read as requiring separate compliance by each company in an amalgamation scheme, because the transferor and transferee remain distinct entities for notice to the Central Government and for reports on each company's affairs before sanction. Even where shareholders had approved a common scheme, a single joint petition was not maintainable. Separate applications by the transferor and transferee companies were therefore required before the amalgamation could proceed. en-us Fri, 17 Aug 1979 00:00:00 +0530 Sat, 28 Jan 2012 12:13:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99659 Sections 391, 394 and 394A of the Companies Act were read as requiring separate compliance by each company in an amalgamation scheme, because the transferor and transferee remain distinct entities for notice to the Central Government and for reports on each company's affairs before sanction. Even where shareholders had approved a common scheme, a single joint petition was not maintainable. Separate applications by the transferor and transferee companies were therefore required before the amalgamation could proceed. Case-Laws Companies Law Fri, 17 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99659