https://www.taxtmi.com/caselaws?id=105751 The High Court of Allahabad approved the Scheme of Arrangement between a transferor-company and a transferee-company. The court declared the Scheme binding on all members of both companies, directing the transfer of property, rights, powers, liabilities, and duties. All proceedings were to continue with the transferee-company, which was instructed to allot shares to entitled members of the transferor-company. The transferor-company had 30 days to register the order with the Registrar of Companies, after which it would dissolve without winding up. Interested parties could seek further directions, and the order was subject to approval by the Calcutta High Court for the transferee-company. en-us Wed, 22 Nov 2000 00:00:00 +0530 Wed, 07 Mar 2012 14:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105751 The High Court of Allahabad approved the Scheme of Arrangement between a transferor-company and a transferee-company. The court declared the Scheme binding on all members of both companies, directing the transfer of property, rights, powers, liabilities, and duties. All proceedings were to continue with the transferee-company, which was instructed to allot shares to entitled members of the transferor-company. The transferor-company had 30 days to register the order with the Registrar of Companies, after which it would dissolve without winding up. Interested parties could seek further directions, and the order was subject to approval by the Calcutta High Court for the transferee-company. Case-Laws Companies Law Wed, 22 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105751