https://www.taxtmi.com/caselaws?id=257348 The Court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, involving multiple Transferor Companies and a Transferee Company. The Scheme was approved after considering jurisdictional issues, compliance with statutory requirements, reports from the Official Liquidator and Regional Director, concerns regarding land ownership, approvals by Shareholders and Creditors, and transfer of assets. The Court emphasized compliance with laws, clarified non-exemption from stamp duty and taxes, and directed the Petitioner Companies to deposit a sum in the Official Liquidator's fund. The Petition was allowed with specified terms and compliance instructions. en-us Mon, 27 Oct 2014 00:00:00 +0530 Tue, 10 Mar 2015 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257348 The Court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, involving multiple Transferor Companies and a Transferee Company. The Scheme was approved after considering jurisdictional issues, compliance with statutory requirements, reports from the Official Liquidator and Regional Director, concerns regarding land ownership, approvals by Shareholders and Creditors, and transfer of assets. The Court emphasized compliance with laws, clarified non-exemption from stamp duty and taxes, and directed the Petitioner Companies to deposit a sum in the Official Liquidator's fund. The Petition was allowed with specified terms and compliance instructions. Case-Laws Companies Law Mon, 27 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257348