https://www.taxtmi.com/caselaws?id=126936 The court sanctioned the composite scheme of arrangement involving demerger and transfer of the treasury segment, as well as the reduction of capital under the Companies Act, 1956. Meetings were dispensed with due to the excess of assets over liabilities, and the scheme was unanimously approved by equity shareholders. Public notices yielded no objections, and the Central Government's concerns regarding share capital reduction were addressed. The court ruled in favor of the scheme, overruling objections and granting the petitions while specifying costs to be paid to the Central Government's standing counsel. en-us Thu, 07 Oct 2010 00:00:00 +0530 Tue, 23 Sep 2014 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126936 The court sanctioned the composite scheme of arrangement involving demerger and transfer of the treasury segment, as well as the reduction of capital under the Companies Act, 1956. Meetings were dispensed with due to the excess of assets over liabilities, and the scheme was unanimously approved by equity shareholders. Public notices yielded no objections, and the Central Government's concerns regarding share capital reduction were addressed. The court ruled in favor of the scheme, overruling objections and granting the petitions while specifying costs to be paid to the Central Government's standing counsel. Case-Laws Companies Law Thu, 07 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126936