https://www.taxtmi.com/caselaws?id=110146 The court allowed the company petition for the approval of a scheme of amalgamation under sections 391/394 of the Companies Act, 1956. The resolutions approving the scheme were unanimously passed by the equity shareholders of the three companies involved. The objection raised regarding the increase in authorized share capital was countered, and it was held that no additional fees or stamp duty needed to be paid. With no objections from any party, the scheme of amalgamation was confirmed, and the transferor companies were to be dissolved without a winding-up order, transferring their assets and liabilities to the transferee-company. en-us Mon, 22 Aug 2005 00:00:00 +0530 Thu, 19 Apr 2012 14:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110146 The court allowed the company petition for the approval of a scheme of amalgamation under sections 391/394 of the Companies Act, 1956. The resolutions approving the scheme were unanimously passed by the equity shareholders of the three companies involved. The objection raised regarding the increase in authorized share capital was countered, and it was held that no additional fees or stamp duty needed to be paid. With no objections from any party, the scheme of amalgamation was confirmed, and the transferor companies were to be dissolved without a winding-up order, transferring their assets and liabilities to the transferee-company. Case-Laws Companies Law Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110146