https://www.taxtmi.com/caselaws?id=110963 The court sanctioned the scheme of amalgamation between the transferor and transferee companies, approving the merger under specified terms and conditions. The objection raised by the Regional Director regarding the amendment of the memorandum of association was rejected, with the court citing section 391 of the Companies Act as sufficient for necessary alterations. All statutory procedures and public notices were found to be in compliance, with approval and consent obtained from creditors and shareholders. The court ordered the dissolution of the transferor company without winding up, noting the expected improvement in the financial structure of the transferee company. en-us Thu, 18 Aug 2005 00:00:00 +0530 Thu, 19 Apr 2012 13:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110963 The court sanctioned the scheme of amalgamation between the transferor and transferee companies, approving the merger under specified terms and conditions. The objection raised by the Regional Director regarding the amendment of the memorandum of association was rejected, with the court citing section 391 of the Companies Act as sufficient for necessary alterations. All statutory procedures and public notices were found to be in compliance, with approval and consent obtained from creditors and shareholders. The court ordered the dissolution of the transferor company without winding up, noting the expected improvement in the financial structure of the transferee company. Case-Laws Companies Law Thu, 18 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110963