https://www.taxtmi.com/caselaws?id=257720 The Court sanctioned the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956 for the amalgamation and re-arrangement of multiple companies. The scheme was approved based on compliance with FEMA and RBI Regulations, impact on income tax assessment, transfer of liabilities, duties, and dissolution of Transferor Companies. The Court directed the transfer of assets, liabilities, and dissolution without winding up procedures, emphasizing adherence to statutory requirements and timely filing with the Registrar of Companies. Compliance with legal provisions and procedures was mandated, with no exemption from stamp duty or taxes granted. en-us Tue, 09 Sep 2014 00:00:00 +0530 Wed, 25 Aug 2021 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257720 The Court sanctioned the Scheme of Arrangement under sections 391 and 394 of the Companies Act, 1956 for the amalgamation and re-arrangement of multiple companies. The scheme was approved based on compliance with FEMA and RBI Regulations, impact on income tax assessment, transfer of liabilities, duties, and dissolution of Transferor Companies. The Court directed the transfer of assets, liabilities, and dissolution without winding up procedures, emphasizing adherence to statutory requirements and timely filing with the Registrar of Companies. Compliance with legal provisions and procedures was mandated, with no exemption from stamp duty or taxes granted. Case-Laws Companies Law Tue, 09 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257720