https://www.taxtmi.com/caselaws?id=237741 The Court granted sanction to the Scheme of Amalgamation among three companies under Sections 391 and 394 of the Companies Act, 1956. The Scheme aims to enhance business focus, financial strength, and competitiveness through integration. The Regional Director and Official Liquidator supported the Scheme, with no objections raised. Upon approval by the Bangalore Bench of Karnataka High Court, the transfer of assets and dissolution of the Transferor company will occur. Compliance with legal requirements, including stamp duty and taxes, is required, and the Petitioner agreed to deposit a sum in the Common Pool Fund of the Official Liquidator. en-us Tue, 30 Jul 2013 00:00:00 +0530 Mon, 07 Oct 2013 07:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237741 The Court granted sanction to the Scheme of Amalgamation among three companies under Sections 391 and 394 of the Companies Act, 1956. The Scheme aims to enhance business focus, financial strength, and competitiveness through integration. The Regional Director and Official Liquidator supported the Scheme, with no objections raised. Upon approval by the Bangalore Bench of Karnataka High Court, the transfer of assets and dissolution of the Transferor company will occur. Compliance with legal requirements, including stamp duty and taxes, is required, and the Petitioner agreed to deposit a sum in the Common Pool Fund of the Official Liquidator. Case-Laws Companies Law Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237741