https://www.taxtmi.com/caselaws?id=257390 The petition under sections 391 and 394 of the Companies Act, 1956 for a Scheme of Amalgamation involving three companies was granted sanction by the High Court. The Scheme was approved by shareholders and creditors, with no objections raised. The Regional Director and Official Liquidator supported the Scheme, emphasizing compliance with regulatory guidelines and employee benefits. The court directed the companies to fulfill statutory requirements, transfer assets to the Transferee Company, and dissolve the Transferor Company without winding up. The order specified the need for compliance with stamp duty and legal requirements, with the Petitioner Companies agreeing to deposit funds voluntarily. en-us Thu, 11 Sep 2014 00:00:00 +0530 Wed, 11 Mar 2015 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257390 The petition under sections 391 and 394 of the Companies Act, 1956 for a Scheme of Amalgamation involving three companies was granted sanction by the High Court. The Scheme was approved by shareholders and creditors, with no objections raised. The Regional Director and Official Liquidator supported the Scheme, emphasizing compliance with regulatory guidelines and employee benefits. The court directed the companies to fulfill statutory requirements, transfer assets to the Transferee Company, and dissolve the Transferor Company without winding up. The order specified the need for compliance with stamp duty and legal requirements, with the Petitioner Companies agreeing to deposit funds voluntarily. Case-Laws Companies Law Thu, 11 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257390