https://www.taxtmi.com/caselaws?id=113102 A proposed scheme of amalgamation between the transferor-companies and the transferee-company was sanctioned after the companies had approved it in their board meetings, required notices and public advertisements were issued, and shareholder meetings were dispensed with where permissible. The Registrar of Companies raised only compliance observations, which were addressed through undertakings filed before the Court. The Official Liquidator's report, supported by a chartered accountant's scrutiny, found no adverse issue with the transferor-companies' conduct, and no shareholder, creditor, employee, or other interested person objected. Employee interests were protected under the scheme, and sanction was granted subject to compliance with recorded observations and any approval required from the High Court of Madras for the transferee-company. en-us Thu, 15 Jul 2010 00:00:00 +0530 Wed, 01 Oct 2014 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113102 A proposed scheme of amalgamation between the transferor-companies and the transferee-company was sanctioned after the companies had approved it in their board meetings, required notices and public advertisements were issued, and shareholder meetings were dispensed with where permissible. The Registrar of Companies raised only compliance observations, which were addressed through undertakings filed before the Court. The Official Liquidator's report, supported by a chartered accountant's scrutiny, found no adverse issue with the transferor-companies' conduct, and no shareholder, creditor, employee, or other interested person objected. Employee interests were protected under the scheme, and sanction was granted subject to compliance with recorded observations and any approval required from the High Court of Madras for the transferee-company. Case-Laws Companies Law Thu, 15 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113102