https://www.taxtmi.com/caselaws?id=110008 The Court sanctioned the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, proposed by five companies, transferring all properties, rights, claims, and liabilities of the Transferor Companies to the Transferee Company. Compliance with statutory requirements was confirmed, and the financial and legal status of the companies were disclosed. Shareholders and creditors' approvals were obtained, and reports from the Official Liquidator and Regional Director were positive. An extension until March 31, 2005, for sanctioning the Scheme was accepted. The Court directed the transfer of assets and dissolution of the Transferor Companies without winding up, with filing requirements specified. en-us Thu, 31 Mar 2005 00:00:00 +0530 Fri, 13 Apr 2012 13:25:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110008 The Court sanctioned the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, proposed by five companies, transferring all properties, rights, claims, and liabilities of the Transferor Companies to the Transferee Company. Compliance with statutory requirements was confirmed, and the financial and legal status of the companies were disclosed. Shareholders and creditors' approvals were obtained, and reports from the Official Liquidator and Regional Director were positive. An extension until March 31, 2005, for sanctioning the Scheme was accepted. The Court directed the transfer of assets and dissolution of the Transferor Companies without winding up, with filing requirements specified. Case-Laws Companies Law Thu, 31 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110008