https://www.taxtmi.com/caselaws?id=111859 The court sanctioned the scheme of amalgamation between M/s. UFO Moviez Ltd. and M/s. UFO India Ltd., under sections 391 to 394 of the Companies Act, 1956. The scheme aimed to consolidate the companies for operational efficiencies and synergies, with benefits such as economies of scale and unified management. Compliance with procedural requirements was noted, including protection of employees' rights, a change of name to M/s. UFO Moviez India Ltd., filing necessary forms, and payment of stamp duty and costs. The court approved the scheme, subject to compliance, leading to the dissolution of the transferor company without winding up. en-us Mon, 19 May 2008 00:00:00 +0530 Mon, 08 Dec 2014 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111859 The court sanctioned the scheme of amalgamation between M/s. UFO Moviez Ltd. and M/s. UFO India Ltd., under sections 391 to 394 of the Companies Act, 1956. The scheme aimed to consolidate the companies for operational efficiencies and synergies, with benefits such as economies of scale and unified management. Compliance with procedural requirements was noted, including protection of employees' rights, a change of name to M/s. UFO Moviez India Ltd., filing necessary forms, and payment of stamp duty and costs. The court approved the scheme, subject to compliance, leading to the dissolution of the transferor company without winding up. Case-Laws Companies Law Mon, 19 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111859