https://www.taxtmi.com/caselaws?id=112989 The court sanctioned the scheme of arrangement/reconstruction/reorganization under sections 394 and 100 of the Companies Act, 1956, involving a transferor-company and seven transferee-companies for a family settlement. Compliance with procedural requirements, including valuation reports and objections raised by the Regional Director, was addressed. The court found the scheme to be in the public interest, beneficial for shareholders, and aligned with the family settlement and memorandum of understanding. With no objections and pending proceedings, the court ordered the scheme's implementation and publication of the order in specified newspapers within 30 days, allowing interested parties to seek directions. en-us Fri, 14 Dec 2007 00:00:00 +0530 Wed, 17 Dec 2014 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112989 The court sanctioned the scheme of arrangement/reconstruction/reorganization under sections 394 and 100 of the Companies Act, 1956, involving a transferor-company and seven transferee-companies for a family settlement. Compliance with procedural requirements, including valuation reports and objections raised by the Regional Director, was addressed. The court found the scheme to be in the public interest, beneficial for shareholders, and aligned with the family settlement and memorandum of understanding. With no objections and pending proceedings, the court ordered the scheme's implementation and publication of the order in specified newspapers within 30 days, allowing interested parties to seek directions. Case-Laws Companies Law Fri, 14 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112989