https://www.taxtmi.com/caselaws?id=219039 The Court granted sanction to the Scheme of Amalgamation under sections 391(2) & 394 of the Companies Act, 1956, between the Transferor Company and the Transferee Company. The Scheme, which included a share exchange ratio of 1:2, received approvals from shareholders and creditors. Following positive reports from the Regional Director and Official Liquidator, the Court directed the transfer of undertaking and dissolution of the Transferor Company without winding up formalities. The Petitioner Companies were instructed to comply with statutory requirements within the specified timeline and make additional deposits as agreed. en-us Wed, 07 Nov 2012 00:00:00 +0530 Mon, 03 Dec 2012 22:54:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219039 The Court granted sanction to the Scheme of Amalgamation under sections 391(2) & 394 of the Companies Act, 1956, between the Transferor Company and the Transferee Company. The Scheme, which included a share exchange ratio of 1:2, received approvals from shareholders and creditors. Following positive reports from the Regional Director and Official Liquidator, the Court directed the transfer of undertaking and dissolution of the Transferor Company without winding up formalities. The Petitioner Companies were instructed to comply with statutory requirements within the specified timeline and make additional deposits as agreed. Case-Laws Companies Law Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219039