https://www.taxtmi.com/caselaws?id=260034 The court approved the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, merging the transferor company with the transferee company. The share exchange ratio indicated no shares allotted to transferor company shareholders due to it being a wholly owned subsidiary. Board approvals were unanimous, and dispensation of shareholder and creditor meetings was granted. Statutory compliance was upheld, resolving the appointed date discrepancy, maintaining the original date. The court sanctioned the scheme, directing compliance and dissolution of the transferor company without winding-up, imposing costs on the petitioners. en-us Tue, 05 May 2015 00:00:00 +0530 Thu, 21 May 2015 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260034 The court approved the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, merging the transferor company with the transferee company. The share exchange ratio indicated no shares allotted to transferor company shareholders due to it being a wholly owned subsidiary. Board approvals were unanimous, and dispensation of shareholder and creditor meetings was granted. Statutory compliance was upheld, resolving the appointed date discrepancy, maintaining the original date. The court sanctioned the scheme, directing compliance and dissolution of the transferor company without winding-up, imposing costs on the petitioners. Case-Laws Companies Law Tue, 05 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260034