https://www.taxtmi.com/caselaws?id=213992 The Court sanctioned the Scheme of Arrangement for Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between the Transferor Company and the Transferee Company. The Share Capital Structure of the Transferee Company would remain unchanged post-amalgamation, ensuring no impact on shareholders' rights. The proposed amalgamation aimed at achieving synergic benefits, administrative ease, and economies of scale, benefiting shareholders, creditors, and investors. The scheme received unanimous approval from shareholders and creditors, with no objections raised. The Court found the scheme to be in stakeholders' and public interest, granting the prayers of the Transferor Company and awarding costs to relevant parties. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 13 Jun 2012 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213992 The Court sanctioned the Scheme of Arrangement for Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between the Transferor Company and the Transferee Company. The Share Capital Structure of the Transferee Company would remain unchanged post-amalgamation, ensuring no impact on shareholders' rights. The proposed amalgamation aimed at achieving synergic benefits, administrative ease, and economies of scale, benefiting shareholders, creditors, and investors. The scheme received unanimous approval from shareholders and creditors, with no objections raised. The Court found the scheme to be in stakeholders' and public interest, granting the prayers of the Transferor Company and awarding costs to relevant parties. Case-Laws Companies Law Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213992