https://www.taxtmi.com/caselaws?id=104359 The court sanctioned the scheme of amalgamation under sections 391, 392, and 394 of the Companies Act, 1956, allowing the transferor companies to merge with the transferee company. The court found compliance with statutory procedures, approval by shareholders and creditors, and no objections from relevant authorities. Consequently, the transferor companies were amalgamated with the transferee company, effective from 1-4-1997, leading to the dissolution of the transferor companies without winding up. The court ordered the transferor companies to file the court's order with the Registrar of Companies within 60 days, treating them as dissolved from the effective date. en-us Mon, 21 Sep 1998 00:00:00 +0530 Tue, 28 Feb 2012 17:38:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104359 The court sanctioned the scheme of amalgamation under sections 391, 392, and 394 of the Companies Act, 1956, allowing the transferor companies to merge with the transferee company. The court found compliance with statutory procedures, approval by shareholders and creditors, and no objections from relevant authorities. Consequently, the transferor companies were amalgamated with the transferee company, effective from 1-4-1997, leading to the dissolution of the transferor companies without winding up. The court ordered the transferor companies to file the court's order with the Registrar of Companies within 60 days, treating them as dissolved from the effective date. Case-Laws Companies Law Mon, 21 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104359