https://www.taxtmi.com/caselaws?id=110978 Where the court is satisfied on the material placed in an amalgamation proceeding that convening meetings would serve no useful purpose, it may dispense with meetings of the equity shareholders and unsecured creditors of the transferee company under the Companies Act, 1956 and the Companies (Court) Rules, 1956. On the record and additional affidavit, the High Court treated the case as fit for such exemption and granted the procedural dispensation. The order preserved the right of shareholders and creditors to raise objections when the scheme later came up for sanction, and the application for directions was accordingly allowed and disposed of. en-us Wed, 24 Aug 2005 00:00:00 +0530 Thu, 19 Apr 2012 14:32:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110978 Where the court is satisfied on the material placed in an amalgamation proceeding that convening meetings would serve no useful purpose, it may dispense with meetings of the equity shareholders and unsecured creditors of the transferee company under the Companies Act, 1956 and the Companies (Court) Rules, 1956. On the record and additional affidavit, the High Court treated the case as fit for such exemption and granted the procedural dispensation. The order preserved the right of shareholders and creditors to raise objections when the scheme later came up for sanction, and the application for directions was accordingly allowed and disposed of. Case-Laws Companies Law Wed, 24 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110978