https://www.taxtmi.com/caselaws?id=113670 The court sanctioned the composite scheme of arrangement involving demerger and merger of companies. The scheme was approved by the shareholders and creditors, with compliance with statutory requirements confirmed. The court directed the issuance of shares post-sanction, transfer of employees to the Transferee Company, and emphasized the shareholders' unanimous approval. The final order declared the scheme binding, dissolved Transferor Companies, and mandated compliance with accounting standards. Various administrative directions were given, including serving the order on the Registrar of Companies and addressing stamp duty and registration fees. en-us Mon, 25 Jan 2010 00:00:00 +0530 Fri, 17 Oct 2014 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113670 The court sanctioned the composite scheme of arrangement involving demerger and merger of companies. The scheme was approved by the shareholders and creditors, with compliance with statutory requirements confirmed. The court directed the issuance of shares post-sanction, transfer of employees to the Transferee Company, and emphasized the shareholders' unanimous approval. The final order declared the scheme binding, dissolved Transferor Companies, and mandated compliance with accounting standards. Various administrative directions were given, including serving the order on the Registrar of Companies and addressing stamp duty and registration fees. Case-Laws Companies Law Mon, 25 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113670