https://www.taxtmi.com/caselaws?id=102678 The Court sanctioned the scheme of amalgamation under sections 391(2) and 394 of the Companies Act, 1956, involving Maknam Investment Limited, Namtok Investments Limited, and India Foils Limited. Shareholders voted overwhelmingly in favor of the scheme. Various objections raised, including late notice delivery, list of members supply, director presence, shareholding pattern, compliance with resolutions, word deletion, share capital increase, objects similarity, financial status, and exchange ratio fairness, were dismissed. The Court found the scheme fair, reasonable, and in good faith, approving the merger as requested. en-us Mon, 13 Feb 1995 00:00:00 +0530 Wed, 15 Feb 2012 17:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102678 The Court sanctioned the scheme of amalgamation under sections 391(2) and 394 of the Companies Act, 1956, involving Maknam Investment Limited, Namtok Investments Limited, and India Foils Limited. Shareholders voted overwhelmingly in favor of the scheme. Various objections raised, including late notice delivery, list of members supply, director presence, shareholding pattern, compliance with resolutions, word deletion, share capital increase, objects similarity, financial status, and exchange ratio fairness, were dismissed. The Court found the scheme fair, reasonable, and in good faith, approving the merger as requested. Case-Laws Companies Law Mon, 13 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102678