https://www.taxtmi.com/caselaws?id=104451 The High Court of Gujarat approved the scheme of amalgamation of two companies into a third company, based on a commercial decision supported by independent reports. Objections regarding procedural issues and the exchange ratio were raised but were found to lack merit. The court emphasized the importance of shareholder and accountant input in determining the exchange ratio and allowed the petitions for amalgamation while imposing costs on the involved companies. The court's decision was not stayed, allowing revenue authorities to address any objections raised in accordance with the law. en-us Thu, 17 Dec 1998 00:00:00 +0530 Wed, 29 Feb 2012 11:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104451 The High Court of Gujarat approved the scheme of amalgamation of two companies into a third company, based on a commercial decision supported by independent reports. Objections regarding procedural issues and the exchange ratio were raised but were found to lack merit. The court emphasized the importance of shareholder and accountant input in determining the exchange ratio and allowed the petitions for amalgamation while imposing costs on the involved companies. The court's decision was not stayed, allowing revenue authorities to address any objections raised in accordance with the law. Case-Laws Companies Law Thu, 17 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104451