https://www.taxtmi.com/caselaws?id=111282 The court ruled that the authorized capital of a transferor company does not automatically merge into the authorized capital of the transferee company upon the sanction and implementation of an amalgamation scheme. The transferee company is obligated to pay additional fees for the increase in its authorized capital, even if the capital of the transferor companies is considered. The court allowed the petitioner to retain the original treatment of the difference in reserves as per the scheme. The scheme of amalgamation was approved with a modification regarding the increase in authorized capital, and the petitioner was directed to pay costs to the Regional Director. en-us Thu, 05 Jul 2007 00:00:00 +0530 Sat, 21 Apr 2012 16:29:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111282 The court ruled that the authorized capital of a transferor company does not automatically merge into the authorized capital of the transferee company upon the sanction and implementation of an amalgamation scheme. The transferee company is obligated to pay additional fees for the increase in its authorized capital, even if the capital of the transferor companies is considered. The court allowed the petitioner to retain the original treatment of the difference in reserves as per the scheme. The scheme of amalgamation was approved with a modification regarding the increase in authorized capital, and the petitioner was directed to pay costs to the Regional Director. Case-Laws Companies Law Thu, 05 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111282