https://www.taxtmi.com/caselaws?id=257304 The High Court granted sanction to the Scheme of Amalgamation under sections 391-394 of the Companies Act, 1956, involving a Transferor Company based in New Delhi and a Transferee Company in Chennai. The Court considered compliance with statutory requirements, valuation of shares, and reports from the Official Liquidator and Regional Director before approving the scheme. The Petitioner Companies provided undertakings to address concerns raised, leading to the Court's decision to sanction the scheme with instructions for compliance and dissolution of the Transferor Company. en-us Mon, 15 Dec 2014 00:00:00 +0530 Mon, 09 Mar 2015 15:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257304 The High Court granted sanction to the Scheme of Amalgamation under sections 391-394 of the Companies Act, 1956, involving a Transferor Company based in New Delhi and a Transferee Company in Chennai. The Court considered compliance with statutory requirements, valuation of shares, and reports from the Official Liquidator and Regional Director before approving the scheme. The Petitioner Companies provided undertakings to address concerns raised, leading to the Court's decision to sanction the scheme with instructions for compliance and dissolution of the Transferor Company. Case-Laws Companies Law Mon, 15 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257304