https://www.taxtmi.com/caselaws?id=109412 The court sanctioned the proposed scheme of arrangement under sections 391 and 394 of the Companies Act, 1956, as it was unanimously approved by shareholders, met statutory requirements, and was deemed fair and reasonable. The court rejected objections by the Registrar of Companies regarding the buy-back of shares, emphasizing that sections 391 and 77A operate independently. The petitioner was directed to file the order with the Registrar of Companies within 30 days, and the company petition was allowed without costs awarded. en-us Thu, 04 Sep 2003 00:00:00 +0530 Mon, 09 Apr 2012 17:53:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109412 The court sanctioned the proposed scheme of arrangement under sections 391 and 394 of the Companies Act, 1956, as it was unanimously approved by shareholders, met statutory requirements, and was deemed fair and reasonable. The court rejected objections by the Registrar of Companies regarding the buy-back of shares, emphasizing that sections 391 and 77A operate independently. The petitioner was directed to file the order with the Registrar of Companies within 30 days, and the company petition was allowed without costs awarded. Case-Laws Companies Law Thu, 04 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109412