https://www.taxtmi.com/caselaws?id=237880 The Court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act 1956. Approval was based on the unanimous consent of shareholders and creditors, reports from the Official Liquidator and Regional Director, absence of objections from any party, and compliance with legal procedures. The order directed implementation within 30 days, transferring assets and liabilities to the Transferee company and dissolving the Transferor companies. The decision required compliance with stamp duty and taxes, with the Petitioner companies agreeing to deposit a sum with the Official Liquidator's Fund voluntarily. en-us Tue, 30 Jul 2013 00:00:00 +0530 Thu, 10 Oct 2013 02:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237880 The Court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act 1956. Approval was based on the unanimous consent of shareholders and creditors, reports from the Official Liquidator and Regional Director, absence of objections from any party, and compliance with legal procedures. The order directed implementation within 30 days, transferring assets and liabilities to the Transferee company and dissolving the Transferor companies. The decision required compliance with stamp duty and taxes, with the Petitioner companies agreeing to deposit a sum with the Official Liquidator's Fund voluntarily. Case-Laws Companies Law Tue, 30 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237880