https://www.taxtmi.com/caselaws?id=112233 The court sanctioned the scheme of amalgamation involving one transferee company and three transferor companies. Compliance applications were filed, dispensation granted for meetings, advertisements ordered, and no objections received. Reports highlighted activities not aligned with one company's main objects but found no prejudicial conduct. An objection by the Central Government regarding authorized capital addition and name change was deemed misconceived. The court sanctioned the scheme, subject to specific observations and deletion of a clause, with costs imposed on petitioning companies for the Central Government Standing Counsel. en-us Fri, 03 Aug 2007 00:00:00 +0530 Wed, 31 Dec 2014 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112233 The court sanctioned the scheme of amalgamation involving one transferee company and three transferor companies. Compliance applications were filed, dispensation granted for meetings, advertisements ordered, and no objections received. Reports highlighted activities not aligned with one company's main objects but found no prejudicial conduct. An objection by the Central Government regarding authorized capital addition and name change was deemed misconceived. The court sanctioned the scheme, subject to specific observations and deletion of a clause, with costs imposed on petitioning companies for the Central Government Standing Counsel. Case-Laws Companies Law Fri, 03 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112233