https://www.taxtmi.com/caselaws?id=101488 The explanatory statement for an amalgamation scheme is sufficient if it sets out the terms of the arrangement and explains its effect; it need not disclose the detailed arithmetic or valuation basis for the share exchange ratio. Where shareholders and creditors approve the scheme by overwhelming majorities, the meetings may be treated as fairly and adequately represented. The share exchange ratio was not shown to be unfair when fixed on recognised valuation methods and relevant business factors. A dividend provision from the appointed date did not offend the Companies Act in the sanctioned amalgamation, and no actionable prejudice to workmen was established. en-us Fri, 01 May 1987 00:00:00 +0530 Thu, 09 Feb 2012 18:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101488 The explanatory statement for an amalgamation scheme is sufficient if it sets out the terms of the arrangement and explains its effect; it need not disclose the detailed arithmetic or valuation basis for the share exchange ratio. Where shareholders and creditors approve the scheme by overwhelming majorities, the meetings may be treated as fairly and adequately represented. The share exchange ratio was not shown to be unfair when fixed on recognised valuation methods and relevant business factors. A dividend provision from the appointed date did not offend the Companies Act in the sanctioned amalgamation, and no actionable prejudice to workmen was established. Case-Laws Companies Law Fri, 01 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101488