https://www.taxtmi.com/caselaws?id=217241 The court approved the Scheme of arrangement (Demerger) under Sections 391 and 394 of the Companies Act, 1956, involving the demerger of two companies with the aim of reducing overheads, streamlining operations, and enhancing productivity. The court found that the Scheme was beneficial, as the companies had obtained necessary approvals, and the Regional Director had no objections. The Resulting Company agreed to deposit a sum in the Common Pool Fund, and compliance with statutory requirements was mandated. The demerger was to be effective from a specified date, with certain assets transferring to the Resulting Company. en-us Wed, 03 Oct 2012 00:00:00 +0530 Mon, 08 Oct 2012 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217241 The court approved the Scheme of arrangement (Demerger) under Sections 391 and 394 of the Companies Act, 1956, involving the demerger of two companies with the aim of reducing overheads, streamlining operations, and enhancing productivity. The court found that the Scheme was beneficial, as the companies had obtained necessary approvals, and the Regional Director had no objections. The Resulting Company agreed to deposit a sum in the Common Pool Fund, and compliance with statutory requirements was mandated. The demerger was to be effective from a specified date, with certain assets transferring to the Resulting Company. Case-Laws Companies Law Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217241