https://www.taxtmi.com/caselaws?id=219872 The Delhi High Court allowed the joint Application under sections 391 & 394 of the Companies Act, 1956 for a Scheme of Arrangement involving the amalgamation of two companies and the reduction of post-merger share capital. The proposed Scheme was approved by the Board of Directors of both companies, and the court dispensed with the requirement of convening shareholder meetings due to the absence of secured and unsecured creditors. The Application was allowed with an order for Dasti, as none of the companies had any creditors. en-us Fri, 07 Dec 2012 00:00:00 +0530 Wed, 26 Dec 2012 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219872 The Delhi High Court allowed the joint Application under sections 391 & 394 of the Companies Act, 1956 for a Scheme of Arrangement involving the amalgamation of two companies and the reduction of post-merger share capital. The proposed Scheme was approved by the Board of Directors of both companies, and the court dispensed with the requirement of convening shareholder meetings due to the absence of secured and unsecured creditors. The Application was allowed with an order for Dasti, as none of the companies had any creditors. Case-Laws Companies Law Fri, 07 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219872