https://www.taxtmi.com/caselaws?id=259959 The court granted the application under Sections 391-394 of the Companies Act, 1956, dispensing with the need for convening meetings of equity shareholders and creditors for the proposed Scheme of Amalgamation between two companies. The Board of Directors of both companies approved the scheme, and consents or no objections were obtained from the relevant stakeholders. With no pending proceedings against the applicant companies, the court allowed the application, facilitating the amalgamation process without formal meetings. The judgment underscores the importance of shareholder and creditor consents, board approval, and compliance with legal provisions for efficient corporate restructuring. en-us Fri, 08 May 2015 00:00:00 +0530 Wed, 27 May 2015 06:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259959 The court granted the application under Sections 391-394 of the Companies Act, 1956, dispensing with the need for convening meetings of equity shareholders and creditors for the proposed Scheme of Amalgamation between two companies. The Board of Directors of both companies approved the scheme, and consents or no objections were obtained from the relevant stakeholders. With no pending proceedings against the applicant companies, the court allowed the application, facilitating the amalgamation process without formal meetings. The judgment underscores the importance of shareholder and creditor consents, board approval, and compliance with legal provisions for efficient corporate restructuring. Case-Laws Companies Law Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259959