https://www.taxtmi.com/caselaws?id=110441 The Court granted sanction to the Scheme of Amalgamation of multiple companies under the Companies Act. The scheme aimed at achieving operational efficiency and cost reduction without benefiting the directors. The Official Liquidator had no objections, but a discrepancy arose over the increase in authorized share capital. The Court clarified that no additional fees were payable in such mergers. Emphasizing the statutory nature of amalgamation, the Court approved the scheme, with a condition to enhance authorized capital as per the Companies Act. The Transferor Companies were to dissolve without winding up upon completion of the process. en-us Wed, 07 Jul 2004 00:00:00 +0530 Mon, 16 Apr 2012 18:07:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110441 The Court granted sanction to the Scheme of Amalgamation of multiple companies under the Companies Act. The scheme aimed at achieving operational efficiency and cost reduction without benefiting the directors. The Official Liquidator had no objections, but a discrepancy arose over the increase in authorized share capital. The Court clarified that no additional fees were payable in such mergers. Emphasizing the statutory nature of amalgamation, the Court approved the scheme, with a condition to enhance authorized capital as per the Companies Act. The Transferor Companies were to dissolve without winding up upon completion of the process. Case-Laws Companies Law Wed, 07 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110441