https://www.taxtmi.com/caselaws?id=103232 The Court sanctioned the scheme of amalgamation under sections 391, 392, and 394 of the Companies Act, 1956, allowing the merger of transferor-companies with the transferee-company. Despite objections raised on share valuation and exchange ratio by the Central Government, the Court approved the 1:1 exchange ratio proposed by the companies. Additionally, the Court ruled in favor of the petitioner regarding the authorized share capital, emphasizing the importance of aligning the increase with the approved scheme. The judgment ordered the dissolution of transferor-companies, transferring all rights and liabilities to the transferee-company without winding up. en-us Wed, 26 Oct 1994 00:00:00 +0530 Tue, 21 Feb 2012 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103232 The Court sanctioned the scheme of amalgamation under sections 391, 392, and 394 of the Companies Act, 1956, allowing the merger of transferor-companies with the transferee-company. Despite objections raised on share valuation and exchange ratio by the Central Government, the Court approved the 1:1 exchange ratio proposed by the companies. Additionally, the Court ruled in favor of the petitioner regarding the authorized share capital, emphasizing the importance of aligning the increase with the approved scheme. The judgment ordered the dissolution of transferor-companies, transferring all rights and liabilities to the transferee-company without winding up. Case-Laws Companies Law Wed, 26 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103232