https://www.taxtmi.com/caselaws?id=111056 Statutory compliance for amalgamation was found satisfied where notices were duly served and published, the Official Liquidator and Regional Director were heard, no stakeholder objection survived, and no disqualifying circumstance or undisclosed material fact was shown. The scheme was therefore sanctioned. On accounting treatment, the amalgamation was treated as one in the nature of merger, so AS-14 required the identity of reserves to be preserved. The surplus and resultant reserves could not be reclassified contrary to the standard, and reserves available for distribution before amalgamation remained available after amalgamation. en-us Mon, 09 Jan 2006 00:00:00 +0530 Fri, 20 Apr 2012 11:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111056 Statutory compliance for amalgamation was found satisfied where notices were duly served and published, the Official Liquidator and Regional Director were heard, no stakeholder objection survived, and no disqualifying circumstance or undisclosed material fact was shown. The scheme was therefore sanctioned. On accounting treatment, the amalgamation was treated as one in the nature of merger, so AS-14 required the identity of reserves to be preserved. The surplus and resultant reserves could not be reclassified contrary to the standard, and reserves available for distribution before amalgamation remained available after amalgamation. Case-Laws Companies Law Mon, 09 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111056