https://www.taxtmi.com/caselaws?id=219844 The court allowed the application under Sections 391 to 394 of the Companies Act, 1956, to dispense with meetings of equity shareholders and creditors for approving the Scheme of Amalgamation. All shareholders, including the Transferee Company and its nominee, consented in writing to the Scheme. As the Transferor Company had no creditors, the court decided to waive the meetings based on shareholder consent and absence of creditors, emphasizing the importance of shareholder approval and financial status in such matters. 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 The court allowed the application under Sections 391 to 394 of the Companies Act, 1956, to dispense with meetings of equity shareholders and creditors for approving the Scheme of Amalgamation. All shareholders, including the Transferee Company and its nominee, consented in writing to the Scheme. As the Transferor Company had no creditors, the court decided to waive the meetings based on shareholder consent and absence of creditors, emphasizing the importance of shareholder approval and financial status in such matters. Case-Laws Companies Law Wed, 05 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219844