https://www.taxtmi.com/caselaws?id=102321 The court sanctioned the schemes of amalgamation under section 391 of the Companies Act, involving multiple companies. It held that the court has the power to sanction schemes involving amendments to the memorandum of association without following separate procedures, emphasizing the efficiency of section 391 as a "single window clearance" system. The objections raised by the Company Law Board were rejected, as the court found the proposed scheme fair and protective of stakeholders' interests. The court made the petitions absolute and awarded costs to the Company Law Board. en-us Fri, 13 Dec 1991 00:00:00 +0530 Tue, 14 Feb 2012 14:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102321 The court sanctioned the schemes of amalgamation under section 391 of the Companies Act, involving multiple companies. It held that the court has the power to sanction schemes involving amendments to the memorandum of association without following separate procedures, emphasizing the efficiency of section 391 as a "single window clearance" system. The objections raised by the Company Law Board were rejected, as the court found the proposed scheme fair and protective of stakeholders' interests. The court made the petitions absolute and awarded costs to the Company Law Board. Case-Laws Companies Law Fri, 13 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102321