https://www.taxtmi.com/caselaws?id=126948 In a scheme of arrangement under section 391 of the Companies Act, 1956, the Court may relax procedural formalities for convening and holding shareholders' meetings, including notice and advertisement, where justice so requires and the statute is not overridden. The power to regulate the manner of the meeting is broad, but it does not extend to dispensing with a statutory meeting requirement itself. Because the shareholders' meeting is a mandatory step for considering the scheme, it cannot be omitted altogether, although the meeting may be conducted informally with simplified procedure. en-us Thu, 01 Jul 2010 00:00:00 +0530 Sat, 04 Oct 2014 20:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126948 In a scheme of arrangement under section 391 of the Companies Act, 1956, the Court may relax procedural formalities for convening and holding shareholders' meetings, including notice and advertisement, where justice so requires and the statute is not overridden. The power to regulate the manner of the meeting is broad, but it does not extend to dispensing with a statutory meeting requirement itself. Because the shareholders' meeting is a mandatory step for considering the scheme, it cannot be omitted altogether, although the meeting may be conducted informally with simplified procedure. Case-Laws Companies Law Thu, 01 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126948