https://www.taxtmi.com/caselaws?id=109736 The Court approved the petitioner's application under sections 391 and 394 of the Companies Act, 1956 for a scheme of arrangement involving various reliefs, including purchase of equity shares, delisting, reduction of share capital, and setting off balances. The Court directed strict compliance with approved directions, emphasizing the importance of obtaining necessary approvals, complying with formalities, and following procedures. Approval was granted based on fulfillment of procedural requirements, relevant authorities' approval, and absence of objections, highlighting the significance of legal procedures and regulatory compliance in corporate restructuring and share capital reduction. en-us Fri, 11 Oct 2002 00:00:00 +0530 Wed, 11 Apr 2012 16:10:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109736 The Court approved the petitioner's application under sections 391 and 394 of the Companies Act, 1956 for a scheme of arrangement involving various reliefs, including purchase of equity shares, delisting, reduction of share capital, and setting off balances. The Court directed strict compliance with approved directions, emphasizing the importance of obtaining necessary approvals, complying with formalities, and following procedures. Approval was granted based on fulfillment of procedural requirements, relevant authorities' approval, and absence of objections, highlighting the significance of legal procedures and regulatory compliance in corporate restructuring and share capital reduction. Case-Laws Companies Law Fri, 11 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109736