https://www.taxtmi.com/caselaws?id=110369 The court sanctioned the amalgamation scheme under sections 391 to 394 of the Companies Act, 1956, finding that the automatic cancellation of shares due to the amalgamation did not necessitate compliance with section 101(2) as it did not adversely affect creditors. The court held that section 391 is a complete code for amalgamation and does not require compliance with other provisions for reduction of capital. The petitions were made absolute, with the court dismissing objections raised by the Regional Director and the Official Liquidator having no objections to the scheme. en-us Tue, 01 Feb 2005 00:00:00 +0530 Mon, 16 Apr 2012 14:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110369 The court sanctioned the amalgamation scheme under sections 391 to 394 of the Companies Act, 1956, finding that the automatic cancellation of shares due to the amalgamation did not necessitate compliance with section 101(2) as it did not adversely affect creditors. The court held that section 391 is a complete code for amalgamation and does not require compliance with other provisions for reduction of capital. The petitions were made absolute, with the court dismissing objections raised by the Regional Director and the Official Liquidator having no objections to the scheme. Case-Laws Companies Law Tue, 01 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110369