https://www.taxtmi.com/caselaws?id=106367 The appellate court overturned the learned Single Judge's decision and approved the scheme of amalgamation, finding the valuation and exchange ratio of shares fair and compliant with regulations. The court dismissed concerns regarding the premium on shares, the change of name of the transferee company, the object clause in the memorandum of association, and the conversion from an NBFC to an industrial company. The appellants were directed to file the order with the Registrar of Companies, with extensions granted for AGMs and publishing accounts. The transferee company was ordered to pay Rs. 2,500 to the Additional Central Government standing counsel. en-us Wed, 19 Jun 2002 00:00:00 +0530 Tue, 13 Mar 2012 18:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106367 The appellate court overturned the learned Single Judge's decision and approved the scheme of amalgamation, finding the valuation and exchange ratio of shares fair and compliant with regulations. The court dismissed concerns regarding the premium on shares, the change of name of the transferee company, the object clause in the memorandum of association, and the conversion from an NBFC to an industrial company. The appellants were directed to file the order with the Registrar of Companies, with extensions granted for AGMs and publishing accounts. The transferee company was ordered to pay Rs. 2,500 to the Additional Central Government standing counsel. Case-Laws Companies Law Wed, 19 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106367