https://www.taxtmi.com/caselaws?id=113387 The High Court of Gujarat sanctioned the Scheme of Amalgamation of multiple companies under section 391(2) of the Companies Act, 1956. The Court found the amalgamation to be in the interest of the companies, members, and creditors, subject to compliance with specified provisions. Objections raised by the Official Liquidator regarding compliance issues, including the change in face value of shares, were addressed and resolved. The Court allowed the Company Petitions, directing the dissolution of Transferor-Companies without winding up upon compliance with specified clauses of the Companies Act, 1956. en-us Mon, 03 May 2010 00:00:00 +0530 Wed, 08 Oct 2014 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113387 The High Court of Gujarat sanctioned the Scheme of Amalgamation of multiple companies under section 391(2) of the Companies Act, 1956. The Court found the amalgamation to be in the interest of the companies, members, and creditors, subject to compliance with specified provisions. Objections raised by the Official Liquidator regarding compliance issues, including the change in face value of shares, were addressed and resolved. The Court allowed the Company Petitions, directing the dissolution of Transferor-Companies without winding up upon compliance with specified clauses of the Companies Act, 1956. Case-Laws Companies Law Mon, 03 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113387