https://www.taxtmi.com/caselaws?id=113141 The Court sanctioned the Scheme of arrangement amalgamating seven Transferor Companies with the Transferee Company under sections 391 and 394 of the Companies Act, 1956. Approval was granted after considering objections related to technical scrutiny, compliance with regulatory guidelines, and shareholder complaints. The Court directed the Transferee Company to adhere to specific guidelines for new shares allotment and promoter holding. Finding the Scheme beneficial to shareholders and creditors, the Court approved it, with costs of Rs. 5,000 to be paid to the Central Government Standing Counsel. en-us Thu, 12 Aug 2010 00:00:00 +0530 Mon, 29 Sep 2014 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113141 The Court sanctioned the Scheme of arrangement amalgamating seven Transferor Companies with the Transferee Company under sections 391 and 394 of the Companies Act, 1956. Approval was granted after considering objections related to technical scrutiny, compliance with regulatory guidelines, and shareholder complaints. The Court directed the Transferee Company to adhere to specific guidelines for new shares allotment and promoter holding. Finding the Scheme beneficial to shareholders and creditors, the Court approved it, with costs of Rs. 5,000 to be paid to the Central Government Standing Counsel. Case-Laws Companies Law Thu, 12 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113141