https://www.taxtmi.com/caselaws?id=102590 The court sanctioned the amalgamation schemes in Company Petition Nos. 1 to 4 of 1994, subject to conditions to protect public interest. The schemes aim to convert small companies into larger entities, enhance business expansion, reduce expenses, and streamline administration. The court clarified that the approval of the amalgamation scheme does not dispense with the requirement to execute instruments of conveyance for effective property transfer. Additionally, liabilities such as capital gains tax and breaches of law or control orders remain with the companies and shareholders post-amalgamation. en-us Fri, 13 May 1994 00:00:00 +0530 Wed, 15 Feb 2012 14:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102590 The court sanctioned the amalgamation schemes in Company Petition Nos. 1 to 4 of 1994, subject to conditions to protect public interest. The schemes aim to convert small companies into larger entities, enhance business expansion, reduce expenses, and streamline administration. The court clarified that the approval of the amalgamation scheme does not dispense with the requirement to execute instruments of conveyance for effective property transfer. Additionally, liabilities such as capital gains tax and breaches of law or control orders remain with the companies and shareholders post-amalgamation. Case-Laws Companies Law Fri, 13 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102590