https://www.taxtmi.com/caselaws?id=259495 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving three companies. The share exchange ratio was determined, and approval was obtained from the Board of Directors. Meetings with shareholders and creditors were waived due to no objections. Responses from the Regional Director and Official Liquidator confirmed compliance. The court directed compliance with statutory requirements and clarified the obligation to pay stamp duty. Upon effectiveness, the transferor companies would dissolve without winding up proceedings. en-us Tue, 17 Mar 2015 00:00:00 +0530 Thu, 07 May 2015 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259495 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving three companies. The share exchange ratio was determined, and approval was obtained from the Board of Directors. Meetings with shareholders and creditors were waived due to no objections. Responses from the Regional Director and Official Liquidator confirmed compliance. The court directed compliance with statutory requirements and clarified the obligation to pay stamp duty. Upon effectiveness, the transferor companies would dissolve without winding up proceedings. Case-Laws Companies Law Tue, 17 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259495