https://www.taxtmi.com/caselaws?id=257178 The court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, after considering shareholders' approval and reports filed by the Regional Director. The Petitioner Company was directed to comply with statutory requirements, and assets were to be transferred to the Resulting Companies as per the Scheme. The court clarified that the approval of the Scheme would not affect tax treatments under applicable statutes, and the Resulting Companies would be liable for any arising liabilities. The order did not grant exemption from stamp duty, taxes, or waive compliance with any specific legal requirements. en-us Tue, 23 Dec 2014 00:00:00 +0530 Wed, 04 Mar 2015 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257178 The court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, after considering shareholders' approval and reports filed by the Regional Director. The Petitioner Company was directed to comply with statutory requirements, and assets were to be transferred to the Resulting Companies as per the Scheme. The court clarified that the approval of the Scheme would not affect tax treatments under applicable statutes, and the Resulting Companies would be liable for any arising liabilities. The order did not grant exemption from stamp duty, taxes, or waive compliance with any specific legal requirements. Case-Laws Companies Law Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257178