https://www.taxtmi.com/caselaws?id=220044 The Court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956. The Petitioner Companies were directed to comply with statutory requirements, transfer assets, liabilities, and duties as per the Scheme without formalities, and dissolve the transferor company upon the Scheme's effectiveness. The order emphasized the companies' obligation to fulfill stamp duty, taxes, and legal requirements. Additionally, the Petitioner Companies agreed to voluntarily deposit Rs. 1,00,000/- in the Common Pool fund of the Official Liquidator. The Petition was allowed, and the order was to be issued promptly. en-us Thu, 20 Dec 2012 00:00:00 +0530 Tue, 08 Jan 2013 09:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220044 The Court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956. The Petitioner Companies were directed to comply with statutory requirements, transfer assets, liabilities, and duties as per the Scheme without formalities, and dissolve the transferor company upon the Scheme's effectiveness. The order emphasized the companies' obligation to fulfill stamp duty, taxes, and legal requirements. Additionally, the Petitioner Companies agreed to voluntarily deposit Rs. 1,00,000/- in the Common Pool fund of the Official Liquidator. The Petition was allowed, and the order was to be issued promptly. Case-Laws Companies Law Thu, 20 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220044