https://www.taxtmi.com/caselaws?id=110638 Orders sanctioning amalgamation or arrangement under section 394 of the Companies Act, 1956 transfer property and liabilities by operation of law. Under section 394(2), property vests in the transferee company through the sanctioning order itself, without a further act or deed. In the unamended Indian Stamp Act applicable in West Bengal, such orders do not fall within the definitions or charging provisions for a conveyance or instrument. Authorities involving special statutory amendments or consent decrees intended to operate as conveyances do not alter that position. en-us Thu, 22 Jan 2004 00:00:00 +0530 Wed, 26 Jun 2024 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110638 Orders sanctioning amalgamation or arrangement under section 394 of the Companies Act, 1956 transfer property and liabilities by operation of law. Under section 394(2), property vests in the transferee company through the sanctioning order itself, without a further act or deed. In the unamended Indian Stamp Act applicable in West Bengal, such orders do not fall within the definitions or charging provisions for a conveyance or instrument. Authorities involving special statutory amendments or consent decrees intended to operate as conveyances do not alter that position. Case-Laws Companies Law Thu, 22 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110638