https://www.taxtmi.com/caselaws?id=102262 The court approved the amalgamation scheme of three private limited companies subject to conditions ensuring compliance with the law and protecting public interest. The approval was based on unanimous support from stakeholders and assurances that the scheme was not for tax avoidance. Conditions included executing conveyance instruments, addressing capital gains tax liabilities, and accountability for pre-amalgamation legal breaches. The court emphasized its discretion in sanctioning the scheme and imposed safeguards to prevent any misuse. The decision was rendered on March 31, 1992, following scrutiny of procedural formalities and objections raised by the official liquidator. en-us Tue, 31 Mar 1992 00:00:00 +0530 Tue, 14 Feb 2012 12:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102262 The court approved the amalgamation scheme of three private limited companies subject to conditions ensuring compliance with the law and protecting public interest. The approval was based on unanimous support from stakeholders and assurances that the scheme was not for tax avoidance. Conditions included executing conveyance instruments, addressing capital gains tax liabilities, and accountability for pre-amalgamation legal breaches. The court emphasized its discretion in sanctioning the scheme and imposed safeguards to prevent any misuse. The decision was rendered on March 31, 1992, following scrutiny of procedural formalities and objections raised by the official liquidator. Case-Laws Companies Law Tue, 31 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102262