https://www.taxtmi.com/caselaws?id=108530 The court sanctioned the scheme of amalgamation between the subsidiary company and the holding company, allowing the transferor company to merge with a body corporate. It was determined that a separate application by the body corporate was not required as the proposed scheme did not impact the rights of members or creditors of the transferee company. The court found no legal impediment to the amalgamation and ordered the certified copy of the order to be filed with the Registrar of Companies within 30 days. en-us Thu, 27 Mar 2003 00:00:00 +0530 Mon, 02 Apr 2012 11:27:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108530 The court sanctioned the scheme of amalgamation between the subsidiary company and the holding company, allowing the transferor company to merge with a body corporate. It was determined that a separate application by the body corporate was not required as the proposed scheme did not impact the rights of members or creditors of the transferee company. The court found no legal impediment to the amalgamation and ordered the certified copy of the order to be filed with the Registrar of Companies within 30 days. Case-Laws Companies Law Thu, 27 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108530