https://www.taxtmi.com/caselaws?id=108678 The Court granted the application for modification of the scheme of arrangement under sections 391 and 394 of the Companies Act, 1956. The modification aimed to address regulatory concerns and ensure compliance with Reserve Bank of India regulations regarding share transfers. All shareholders consented to the proposed changes, and the Court affirmed its power under section 392 to modify schemes for practical implementation. The Court directed the necessary changes to be made to the scheme to make it workable and compliant with legal requirements, emphasizing the importance of upholding public policy and regulatory compliance. en-us Thu, 09 Jan 2003 00:00:00 +0530 Tue, 03 Apr 2012 13:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108678 The Court granted the application for modification of the scheme of arrangement under sections 391 and 394 of the Companies Act, 1956. The modification aimed to address regulatory concerns and ensure compliance with Reserve Bank of India regulations regarding share transfers. All shareholders consented to the proposed changes, and the Court affirmed its power under section 392 to modify schemes for practical implementation. The Court directed the necessary changes to be made to the scheme to make it workable and compliant with legal requirements, emphasizing the importance of upholding public policy and regulatory compliance. Case-Laws Companies Law Thu, 09 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108678