https://www.taxtmi.com/caselaws?id=101485 Section 23(3) of the Monopolies and Restrictive Trade Practices Act, 1969 exempted the proposed amalgamation where the statutory conditions were satisfied on the facts. The Bombay High Court held that the exemption could not be denied merely because the companies were not shown to be engaged predominantly in services, since they were carrying on the same business and the relevant conditions for exemption were met. No separate application under the Act was therefore required for the amalgamation, and the petitions succeeded with approval of the scheme. en-us Mon, 13 Apr 1987 00:00:00 +0530 Thu, 09 Feb 2012 18:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101485 Section 23(3) of the Monopolies and Restrictive Trade Practices Act, 1969 exempted the proposed amalgamation where the statutory conditions were satisfied on the facts. The Bombay High Court held that the exemption could not be denied merely because the companies were not shown to be engaged predominantly in services, since they were carrying on the same business and the relevant conditions for exemption were met. No separate application under the Act was therefore required for the amalgamation, and the petitions succeeded with approval of the scheme. Case-Laws Companies Law Mon, 13 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101485