https://www.taxtmi.com/caselaws?id=219296 The Court granted sanction to the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956 for the demerger of the Estate Division of a company into another. The share exchange ratio of 790 equity shares for every 100 held was approved. Compliance with statutory requirements was ensured, objections were addressed, and the transfer of assets, liabilities, rights, and powers was directed to the Resultant Company. The Court emphasized adherence to the approved Scheme in transferring assets and liabilities without exemption from legal charges. en-us Wed, 07 Nov 2012 00:00:00 +0530 Mon, 10 Dec 2012 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219296 The Court granted sanction to the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956 for the demerger of the Estate Division of a company into another. The share exchange ratio of 790 equity shares for every 100 held was approved. Compliance with statutory requirements was ensured, objections were addressed, and the transfer of assets, liabilities, rights, and powers was directed to the Resultant Company. The Court emphasized adherence to the approved Scheme in transferring assets and liabilities without exemption from legal charges. Case-Laws Companies Law Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219296