https://www.taxtmi.com/caselaws?id=102289 The court granted sanction under sections 391 to 394 of the Companies Act, 1956 for the amalgamation of five companies, with one company as the petitioner, despite objections raised by the Regional Director of Company Affairs regarding the commercial nature of the trading companies involved. The court referenced a previous judgment overruling similar objections and emphasized the need to ensure the reasonableness of the scheme and compliance with the memorandum of association. The court sanctioned the scheme, directing the transferee company to adhere strictly to its memorandum of association, and awarded costs to the Department. en-us Fri, 18 Sep 1992 00:00:00 +0530 Tue, 14 Feb 2012 13:16:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102289 The court granted sanction under sections 391 to 394 of the Companies Act, 1956 for the amalgamation of five companies, with one company as the petitioner, despite objections raised by the Regional Director of Company Affairs regarding the commercial nature of the trading companies involved. The court referenced a previous judgment overruling similar objections and emphasized the need to ensure the reasonableness of the scheme and compliance with the memorandum of association. The court sanctioned the scheme, directing the transferee company to adhere strictly to its memorandum of association, and awarded costs to the Department. Case-Laws Companies Law Fri, 18 Sep 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102289