https://www.taxtmi.com/caselaws?id=219844 Where a transferor company is a wholly owned subsidiary and all equity shareholders have given written consent to the proposed amalgamation, the court may dispense with shareholder meetings for considering the scheme. If a chartered accountant's certificate shows that the transferor company has no secured or unsecured creditors, creditor meetings may also be dispensed with because no creditor approval process is required. On that basis, the meetings of the equity shareholders and of the secured and unsecured creditors of the transferor company were dispensed with, and the application was allowed. en-us Wed, 05 Dec 2012 00:00:00 +0530 Sat, 29 Dec 2012 06:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219844 Where a transferor company is a wholly owned subsidiary and all equity shareholders have given written consent to the proposed amalgamation, the court may dispense with shareholder meetings for considering the scheme. If a chartered accountant's certificate shows that the transferor company has no secured or unsecured creditors, creditor meetings may also be dispensed with because no creditor approval process is required. On that basis, the meetings of the equity shareholders and of the secured and unsecured creditors of the transferor company were dispensed with, and the application was allowed. Case-Laws Companies Law Wed, 05 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219844