https://www.taxtmi.com/caselaws?id=237903 The Court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between two companies. The share exchange ratio was approved, and compliance with Reserve Bank of India regulations under FEMA was confirmed. No objections were raised, shareholders and creditors approved the Scheme, and the Official Liquidator and Regional Director had no complaints. The Court directed compliance with statutory requirements, including filing with the ROC, asset transfers, and dissolution of the Transferor company. The order emphasized no exemption from stamp duty or taxes and required adherence to all legal obligations. en-us Tue, 23 Jul 2013 00:00:00 +0530 Fri, 11 Oct 2013 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237903 The Court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between two companies. The share exchange ratio was approved, and compliance with Reserve Bank of India regulations under FEMA was confirmed. No objections were raised, shareholders and creditors approved the Scheme, and the Official Liquidator and Regional Director had no complaints. The Court directed compliance with statutory requirements, including filing with the ROC, asset transfers, and dissolution of the Transferor company. The order emphasized no exemption from stamp duty or taxes and required adherence to all legal obligations. Case-Laws Companies Law Tue, 23 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237903