https://www.taxtmi.com/caselaws?id=113069 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, merging the transferor companies with the transferee company. The petitioners complied with prescribed procedures, including addressing objections raised by the Regional Director, Ministry of Company Affairs, regarding authorized capital, FEMA, and RBI Act compliance. The court emphasized the protection of employees' interests, dissolution of transferor companies, and approved the scheme, ensuring transparency and statutory compliance, leading to the dissolution of transferor companies without winding up. en-us Thu, 07 Aug 2008 00:00:00 +0530 Tue, 02 Dec 2014 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113069 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, merging the transferor companies with the transferee company. The petitioners complied with prescribed procedures, including addressing objections raised by the Regional Director, Ministry of Company Affairs, regarding authorized capital, FEMA, and RBI Act compliance. The court emphasized the protection of employees' interests, dissolution of transferor companies, and approved the scheme, ensuring transparency and statutory compliance, leading to the dissolution of transferor companies without winding up. Case-Laws Companies Law Thu, 07 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113069