https://www.taxtmi.com/caselaws?id=106084 The court approved the proposed scheme of amalgamation between two companies after thorough analysis of the valuation of shares, compliance with legal requirements under the Companies Act, 1956, approval by shareholders, and transfer of assets and liabilities to the transferee-company. The court accepted the valuation of shares as reasonable, justified the exchange ratio of shares, confirmed legal compliance, deemed shareholder approval sufficient despite low attendance, and found the asset transfer process satisfactory. The merger was sanctioned, directing the companies to proceed with the necessary actions for the successful implementation of the scheme. en-us Fri, 21 Jul 2000 00:00:00 +0530 Fri, 30 Mar 2012 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106084 The court approved the proposed scheme of amalgamation between two companies after thorough analysis of the valuation of shares, compliance with legal requirements under the Companies Act, 1956, approval by shareholders, and transfer of assets and liabilities to the transferee-company. The court accepted the valuation of shares as reasonable, justified the exchange ratio of shares, confirmed legal compliance, deemed shareholder approval sufficient despite low attendance, and found the asset transfer process satisfactory. The merger was sanctioned, directing the companies to proceed with the necessary actions for the successful implementation of the scheme. Case-Laws Companies Law Fri, 21 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106084