https://www.taxtmi.com/caselaws?id=217890 The Court sanctioned the Scheme of Amalgamation under sections 391(2) & 394 of the Companies Act, 1956, between multiple Transferor Companies and a Transferee Company. The Share Exchange Ratio was determined, compliance with legal provisions ensured, and objections addressed. Shareholders and Creditors approved the Scheme, regulatory bodies supported it, and no objections were raised. The Court directed compliance within a specified timeline, approved the transfer of assets, liabilities, and duties to the Transferee Company, and required payment of stamp duty, taxes, and charges. The Petitioner Companies agreed to deposit a sum in the Official Liquidator's fund voluntarily, concluding the proceedings. en-us Fri, 28 Sep 2012 00:00:00 +0530 Mon, 08 Oct 2012 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217890 The Court sanctioned the Scheme of Amalgamation under sections 391(2) & 394 of the Companies Act, 1956, between multiple Transferor Companies and a Transferee Company. The Share Exchange Ratio was determined, compliance with legal provisions ensured, and objections addressed. Shareholders and Creditors approved the Scheme, regulatory bodies supported it, and no objections were raised. The Court directed compliance within a specified timeline, approved the transfer of assets, liabilities, and duties to the Transferee Company, and required payment of stamp duty, taxes, and charges. The Petitioner Companies agreed to deposit a sum in the Official Liquidator's fund voluntarily, concluding the proceedings. Case-Laws Companies Law Fri, 28 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217890