https://www.taxtmi.com/caselaws?id=219140 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, following approval by Shareholders and Creditors, and positive reports from the Regional Director and Official Liquidator. The court directed the companies to comply with statutory requirements within a specified timeframe. Upon the Scheme taking effect, the undertaking, property, rights, and powers of the Transferor Company would transfer to the Transferee Company, leading to the dissolution of the Transferor Company without winding up. The companies also volunteered to deposit a sum in the Common Pool Fund of the Official Liquidator as per court direction. en-us Thu, 06 Sep 2012 00:00:00 +0530 Tue, 04 Dec 2012 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219140 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, following approval by Shareholders and Creditors, and positive reports from the Regional Director and Official Liquidator. The court directed the companies to comply with statutory requirements within a specified timeframe. Upon the Scheme taking effect, the undertaking, property, rights, and powers of the Transferor Company would transfer to the Transferee Company, leading to the dissolution of the Transferor Company without winding up. The companies also volunteered to deposit a sum in the Common Pool Fund of the Official Liquidator as per court direction. Case-Laws Companies Law Thu, 06 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219140