https://www.taxtmi.com/caselaws?id=108590 The Court granted sanction to the Scheme of Amalgamation of three companies under sections 391 to 394 of the Companies Act. The objections raised by the Regional Director regarding the need for an amendment in the Memorandum of one company were overruled. Precedents from the Calcutta High Court and the Bombay High Court supported the view that specific amalgamation powers in the Memorandum are not necessary for amalgamation under these sections. With no pending investigations, no objections, and approvals from the Regional Director and Official Liquidator, the Court approved the Scheme, leading to the dissolution of the Transferor Companies without winding up. en-us Thu, 21 Nov 2002 00:00:00 +0530 Mon, 02 Apr 2012 18:13:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108590 The Court granted sanction to the Scheme of Amalgamation of three companies under sections 391 to 394 of the Companies Act. The objections raised by the Regional Director regarding the need for an amendment in the Memorandum of one company were overruled. Precedents from the Calcutta High Court and the Bombay High Court supported the view that specific amalgamation powers in the Memorandum are not necessary for amalgamation under these sections. With no pending investigations, no objections, and approvals from the Regional Director and Official Liquidator, the Court approved the Scheme, leading to the dissolution of the Transferor Companies without winding up. Case-Laws Companies Law Thu, 21 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108590