https://www.taxtmi.com/caselaws?id=112001 The High Court of Madras dismissed the Appeal by the Regional Director and Registrar of Companies, upholding the sanctioning of a Scheme of Amalgamation between two companies. The Court ruled that an increase in Authorized Share Capital post-amalgamation does not require separate procedures or fee payments under sections 391 to 394 of the Companies Act, emphasizing the efficiency of section 391 as a comprehensive framework for approving amalgamation schemes. The judgment highlighted the self-sufficiency of section 391 and the intent behind providing a streamlined process for restructuring companies, affirming the previous interpretations of the relevant provisions. en-us Wed, 28 Nov 2007 00:00:00 +0530 Fri, 19 Dec 2014 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112001 The High Court of Madras dismissed the Appeal by the Regional Director and Registrar of Companies, upholding the sanctioning of a Scheme of Amalgamation between two companies. The Court ruled that an increase in Authorized Share Capital post-amalgamation does not require separate procedures or fee payments under sections 391 to 394 of the Companies Act, emphasizing the efficiency of section 391 as a comprehensive framework for approving amalgamation schemes. The judgment highlighted the self-sufficiency of section 391 and the intent behind providing a streamlined process for restructuring companies, affirming the previous interpretations of the relevant provisions. Case-Laws Companies Law Wed, 28 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112001