https://www.taxtmi.com/caselaws?id=108905 A court considering sanction of an amalgamation scheme must verify statutory compliance, bona fides of the majority, and overall fairness, but it does not sit in appeal over shareholders' commercial wisdom. An exchange ratio fixed by recognised chartered accountants and supported by multiple valuation methods carries due weight, especially when approved by an overwhelming majority. A minority objection based only on reduced dividend income is insufficient to establish unfairness absent a defect in valuation. The scheme was sanctioned as the share exchange ratio was found fair, subject to protection of employees and discharge of the transferor-company's liabilities. en-us Mon, 23 Apr 2001 00:00:00 +0530 Wed, 04 Apr 2012 15:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108905 A court considering sanction of an amalgamation scheme must verify statutory compliance, bona fides of the majority, and overall fairness, but it does not sit in appeal over shareholders' commercial wisdom. An exchange ratio fixed by recognised chartered accountants and supported by multiple valuation methods carries due weight, especially when approved by an overwhelming majority. A minority objection based only on reduced dividend income is insufficient to establish unfairness absent a defect in valuation. The scheme was sanctioned as the share exchange ratio was found fair, subject to protection of employees and discharge of the transferor-company's liabilities. Case-Laws Companies Law Mon, 23 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108905