https://www.taxtmi.com/caselaws?id=219254 The court concluded that in the present case, the Holding Transferee Company is not required to initiate separate proceedings under Sections 391 to 394 of the Companies Act, 1956 for a Scheme of Merger with its wholly owned Transferor Subsidiary Company. The court rejected objections raised by the Regional Director, allowed the prayers in the petition, granted the scheme of amalgamation, and ordered that the transferee company is not required to file a separate application. The petition was allowed, and costs were directed to be paid to specific entities. en-us Mon, 08 Oct 2012 00:00:00 +0530 Tue, 04 Dec 2012 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219254 The court concluded that in the present case, the Holding Transferee Company is not required to initiate separate proceedings under Sections 391 to 394 of the Companies Act, 1956 for a Scheme of Merger with its wholly owned Transferor Subsidiary Company. The court rejected objections raised by the Regional Director, allowed the prayers in the petition, granted the scheme of amalgamation, and ordered that the transferee company is not required to file a separate application. The petition was allowed, and costs were directed to be paid to specific entities. Case-Laws Companies Law Mon, 08 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219254