https://www.taxtmi.com/caselaws?id=112443 The High Court sanctioned the scheme of amalgamation between Niulab Equipment Company Pvt. Ltd. and Ashok Industries Ltd. The court found compliance with procedural requirements, approved the scheme unanimously by shareholders and creditors, and dismissed objections by the Regional Director regarding violations of the Companies Act. The court upheld the validity of the Board of Directors' resolution proposing the scheme and confirmed adequate disclosure to shareholders and creditors. The court applied Section 290 to validate acts by directors despite alleged disqualifications. Costs were directed to be paid to the Regional Director and Official Liquidator. en-us Tue, 24 Mar 2009 00:00:00 +0530 Thu, 13 Nov 2014 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112443 The High Court sanctioned the scheme of amalgamation between Niulab Equipment Company Pvt. Ltd. and Ashok Industries Ltd. The court found compliance with procedural requirements, approved the scheme unanimously by shareholders and creditors, and dismissed objections by the Regional Director regarding violations of the Companies Act. The court upheld the validity of the Board of Directors' resolution proposing the scheme and confirmed adequate disclosure to shareholders and creditors. The court applied Section 290 to validate acts by directors despite alleged disqualifications. Costs were directed to be paid to the Regional Director and Official Liquidator. Case-Laws Companies Law Tue, 24 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112443