https://www.taxtmi.com/caselaws?id=112483 The High Court of Karnataka sanctioned the Scheme of Amalgamation between a transferor and transferee company under the Companies Act, 1956. Shareholders and creditors approved the scheme, and a Chartered Accountant verified the transferor company's records. Despite objections raised by the Regional Director on the exchange ratio of shares, the Court dismissed them and approved the scheme. The Court dissolved the transferor company without winding up and issued compliance orders to both companies. The judgment highlights the approval process, objections, record verification, and the final approval of the amalgamation scheme. en-us Wed, 22 Apr 2009 00:00:00 +0530 Mon, 10 Nov 2014 19:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112483 The High Court of Karnataka sanctioned the Scheme of Amalgamation between a transferor and transferee company under the Companies Act, 1956. Shareholders and creditors approved the scheme, and a Chartered Accountant verified the transferor company's records. Despite objections raised by the Regional Director on the exchange ratio of shares, the Court dismissed them and approved the scheme. The Court dissolved the transferor company without winding up and issued compliance orders to both companies. The judgment highlights the approval process, objections, record verification, and the final approval of the amalgamation scheme. Case-Laws Companies Law Wed, 22 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112483