https://www.taxtmi.com/caselaws?id=219785 The joint Application under sections 391 & 394 of the Companies Act, 1956 for the de-merger of the Real Estate Division of a company into another company was approved. The proposed Scheme of Arrangement was endorsed by the Board of Directors, and consents from Shareholders and Creditors were obtained, leading to a waiver of the requirement for convening meetings. The Application was allowed, emphasizing compliance with legal procedures and stakeholder consents for the successful execution of the de-merger scheme. en-us Mon, 17 Dec 2012 00:00:00 +0530 Tue, 25 Dec 2012 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219785 The joint Application under sections 391 & 394 of the Companies Act, 1956 for the de-merger of the Real Estate Division of a company into another company was approved. The proposed Scheme of Arrangement was endorsed by the Board of Directors, and consents from Shareholders and Creditors were obtained, leading to a waiver of the requirement for convening meetings. The Application was allowed, emphasizing compliance with legal procedures and stakeholder consents for the successful execution of the de-merger scheme. Case-Laws Companies Law Mon, 17 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219785