https://www.taxtmi.com/caselaws?id=113484 The court sanctioned the Scheme of Amalgamation between a West Bengal-based petitioner-company and a Tamil Nadu-based transferor-company, which is a wholly owned subsidiary of the petitioner. The court directed publication of notices, compliance with the Regional Director's observations, and High Court of Madras' sanction. Shareholders of the transferor-company would not receive shares of the petitioner-company post-amalgamation. With no opposition, the court approved the petition, safeguarded employees' interests, and instructed compliance with specified procedures within Karnataka and Tamil Nadu. en-us Mon, 05 Jul 2010 00:00:00 +0530 Sat, 04 Oct 2014 19:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113484 The court sanctioned the Scheme of Amalgamation between a West Bengal-based petitioner-company and a Tamil Nadu-based transferor-company, which is a wholly owned subsidiary of the petitioner. The court directed publication of notices, compliance with the Regional Director's observations, and High Court of Madras' sanction. Shareholders of the transferor-company would not receive shares of the petitioner-company post-amalgamation. With no opposition, the court approved the petition, safeguarded employees' interests, and instructed compliance with specified procedures within Karnataka and Tamil Nadu. Case-Laws Companies Law Mon, 05 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113484