https://www.taxtmi.com/caselaws?id=104667 A scheme of arrangement will be sanctioned where it preserves employee service conditions, provides continuity of service, and does not show prejudice to workmen on speculative future impacts. Disclosure under the compromise provisions is limited to material director interests that differ from shareholder interests; a director's shareholding is not automatically required to be disclosed absent special interest or suppression. Shareholders are entitled to sufficient material for an informed decision, but a separate valuation exercise is not always essential where the arrangement is a composite commercial package approved by a large majority and lenders. The chairman's report must show the persons present and voting and the requisite majority, and the court's role remains confined to statutory compliance and absence of illegality or public policy concerns. en-us Wed, 01 Mar 2000 00:00:00 +0530 Wed, 29 Feb 2012 18:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104667 A scheme of arrangement will be sanctioned where it preserves employee service conditions, provides continuity of service, and does not show prejudice to workmen on speculative future impacts. Disclosure under the compromise provisions is limited to material director interests that differ from shareholder interests; a director's shareholding is not automatically required to be disclosed absent special interest or suppression. Shareholders are entitled to sufficient material for an informed decision, but a separate valuation exercise is not always essential where the arrangement is a composite commercial package approved by a large majority and lenders. The chairman's report must show the persons present and voting and the requisite majority, and the court's role remains confined to statutory compliance and absence of illegality or public policy concerns. Case-Laws Companies Law Wed, 01 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104667