https://www.taxtmi.com/caselaws?id=261215 The Court granted sanction to the Scheme of Arrangement between two companies under sections 391 and 394 of the Companies Act, 1956. The Scheme, approved unanimously by shareholders and creditors, addressed concerns raised by the Regional Director regarding compliance, asset transfers, and tax implications. With no objections received, the Court emphasized compliance with statutory requirements and directed the Petitioner Companies to file the order within 30 days. Additionally, a voluntary deposit to the Common Pool Fund was agreed upon. en-us Fri, 14 Mar 2014 00:00:00 +0530 Thu, 23 Jul 2015 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261215 The Court granted sanction to the Scheme of Arrangement between two companies under sections 391 and 394 of the Companies Act, 1956. The Scheme, approved unanimously by shareholders and creditors, addressed concerns raised by the Regional Director regarding compliance, asset transfers, and tax implications. With no objections received, the Court emphasized compliance with statutory requirements and directed the Petitioner Companies to file the order within 30 days. Additionally, a voluntary deposit to the Common Pool Fund was agreed upon. Case-Laws Companies Law Fri, 14 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261215