https://www.taxtmi.com/caselaws?id=233880 The appeal challenging the validity of a scheme of amalgamation between two companies was dismissed by the court. The court found that procedural requirements under Sections 391 and 394 of the Companies Act were complied with, shareholders were classified appropriately, and separate meetings were not necessary. The scheme was deemed fair and reasonable, with the majority of shareholders approving it. The court upheld the legality of forced share transfer, emphasizing its supervisory role in ensuring fairness and legality of such schemes. The appeal was dismissed as lacking merit, with the court emphasizing the overwhelming majority approval over the appellant's minimal shareholding. en-us Thu, 16 May 2013 00:00:00 +0530 Mon, 20 May 2013 10:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233880 The appeal challenging the validity of a scheme of amalgamation between two companies was dismissed by the court. The court found that procedural requirements under Sections 391 and 394 of the Companies Act were complied with, shareholders were classified appropriately, and separate meetings were not necessary. The scheme was deemed fair and reasonable, with the majority of shareholders approving it. The court upheld the legality of forced share transfer, emphasizing its supervisory role in ensuring fairness and legality of such schemes. The appeal was dismissed as lacking merit, with the court emphasizing the overwhelming majority approval over the appellant's minimal shareholding. Case-Laws Companies Law Thu, 16 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233880