https://www.taxtmi.com/circulars?id=10826 Acquisition of shares effected by a court approved scheme of reorganisation does not require separate Departmental approval under section 372 where the Department is a statutory party to the scheme; Regional Directors receiving notices of schemes must scrutinise them and bring any section 372 requirements to the court's attention for consideration when orders are passed under the scheme provisions. en-us Sat, 16 Feb 1974 00:00:00 +0530 Fri, 17 Jun 2011 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10826 Acquisition of shares effected by a court approved scheme of reorganisation does not require separate Departmental approval under section 372 where the Department is a statutory party to the scheme; Regional Directors receiving notices of schemes must scrutinise them and bring any section 372 requirements to the court's attention for consideration when orders are passed under the scheme provisions. Circulars Companies Law Sat, 16 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10826