https://www.taxtmi.com/caselaws?id=109055 The court sanctioned the scheme of amalgamation proposed by the transferor and transferee companies, which involved the amalgamation of two transferor companies with the transferee company. The scheme was approved unanimously by shareholders and creditors, with no objections raised. The court found that the scheme did not contravene any laws or public policy, leading to the dissolution of the transferor companies without winding up. Additionally, the treatment of share application money and the reduction of the share premium account were addressed satisfactorily, meeting all legal requirements under the Companies Act. en-us Tue, 23 Mar 2004 00:00:00 +0530 Thu, 05 Apr 2012 16:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109055 The court sanctioned the scheme of amalgamation proposed by the transferor and transferee companies, which involved the amalgamation of two transferor companies with the transferee company. The scheme was approved unanimously by shareholders and creditors, with no objections raised. The court found that the scheme did not contravene any laws or public policy, leading to the dissolution of the transferor companies without winding up. Additionally, the treatment of share application money and the reduction of the share premium account were addressed satisfactorily, meeting all legal requirements under the Companies Act. Case-Laws Companies Law Tue, 23 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109055