https://www.taxtmi.com/caselaws?id=213533 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, between the petitioner company and a transferee company. Shareholders unanimously approved the scheme, which involved delisting shares from stock exchanges. The objection raised by the Regional Director regarding authorized share capital was dismissed. The official liquidator confirmed the scheme's benefits and absence of misfeasance. The judgment issued a conditional order pending sanction by the Calcutta High Court and fixed the remuneration for the Additional Central Government standing counsel at Rs. 5,000 to be paid by the petitioner company. en-us Wed, 27 Apr 2011 00:00:00 +0530 Sat, 09 Feb 2013 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213533 The court approved the scheme of amalgamation under sections 391 to 394 of the Companies Act, 1956, between the petitioner company and a transferee company. Shareholders unanimously approved the scheme, which involved delisting shares from stock exchanges. The objection raised by the Regional Director regarding authorized share capital was dismissed. The official liquidator confirmed the scheme's benefits and absence of misfeasance. The judgment issued a conditional order pending sanction by the Calcutta High Court and fixed the remuneration for the Additional Central Government standing counsel at Rs. 5,000 to be paid by the petitioner company. Case-Laws Companies Law Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213533