https://www.taxtmi.com/caselaws?id=259253 The application under Sections 391 and 394 of the Companies Act, 1956 seeking directions to dispense with the requirement of convening meetings for the proposed Scheme of Amalgamation between two companies was allowed by the Delhi High Court. The Court dispensed with the meetings of equity shareholders and secured creditors based on the consents received from all relevant parties involved in the Amalgamation process, including unanimous approvals from shareholders and the sole secured creditor. The Scheme of Amalgamation aimed to create a larger company with increased resources and capital base for business expansion, with a specified share exchange ratio of one equity share for every four held in the transferor company. en-us Wed, 29 Apr 2015 00:00:00 +0530 Sat, 02 May 2015 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259253 The application under Sections 391 and 394 of the Companies Act, 1956 seeking directions to dispense with the requirement of convening meetings for the proposed Scheme of Amalgamation between two companies was allowed by the Delhi High Court. The Court dispensed with the meetings of equity shareholders and secured creditors based on the consents received from all relevant parties involved in the Amalgamation process, including unanimous approvals from shareholders and the sole secured creditor. The Scheme of Amalgamation aimed to create a larger company with increased resources and capital base for business expansion, with a specified share exchange ratio of one equity share for every four held in the transferor company. Case-Laws Companies Law Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259253