https://www.taxtmi.com/caselaws?id=219786 The Court granted sanction to the Scheme of Amalgamation under sections 391(2) & 394 of the Companies Act, 1956 between a Transferor Company and a Transferee Company based in New Delhi. Shareholder and creditor meetings were dispensed with, and after receiving positive reports from regulatory authorities, the Court approved the Scheme. The assets, liabilities, and duties of the Transferor Company were to be transferred to the Transferee Company without further formalities, with compliance required for statutory obligations. The Court also mandated the dissolution of the Transferor Company post-amalgamation and ordered compliance with stamp duty and tax obligations. en-us Fri, 14 Dec 2012 00:00:00 +0530 Tue, 25 Dec 2012 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219786 The Court granted sanction to the Scheme of Amalgamation under sections 391(2) & 394 of the Companies Act, 1956 between a Transferor Company and a Transferee Company based in New Delhi. Shareholder and creditor meetings were dispensed with, and after receiving positive reports from regulatory authorities, the Court approved the Scheme. The assets, liabilities, and duties of the Transferor Company were to be transferred to the Transferee Company without further formalities, with compliance required for statutory obligations. The Court also mandated the dissolution of the Transferor Company post-amalgamation and ordered compliance with stamp duty and tax obligations. Case-Laws Companies Law Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219786