https://www.taxtmi.com/caselaws?id=109428 The court approved the Scheme of Amalgamation and reduction of Paid-up Share Capital, finding it compliant with the Companies Act, 1956. The scheme was deemed genuine, bona fide, and in the interest of shareholders and creditors. The court waived the need for separate procedures and meetings for shareholders and creditors, as their rights were unaffected. Notices were duly served and no objections were raised by the Regional Director. The court granted the relief sought in the petition, approved the arrangement, and ordered the petitioner Company to pay the Addl. Central Government Standing Counsel's fees. en-us Fri, 26 Sep 2003 00:00:00 +0530 Tue, 10 Apr 2012 10:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109428 The court approved the Scheme of Amalgamation and reduction of Paid-up Share Capital, finding it compliant with the Companies Act, 1956. The scheme was deemed genuine, bona fide, and in the interest of shareholders and creditors. The court waived the need for separate procedures and meetings for shareholders and creditors, as their rights were unaffected. Notices were duly served and no objections were raised by the Regional Director. The court granted the relief sought in the petition, approved the arrangement, and ordered the petitioner Company to pay the Addl. Central Government Standing Counsel's fees. Case-Laws Companies Law Fri, 26 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109428