https://www.taxtmi.com/caselaws?id=262657 The application under Section 391(1) of the Companies Act, 1956, seeking directions to dispense with the requirement of convening meetings of shareholders and creditors for a proposed Scheme of Amalgamation involving multiple companies in New Delhi, was allowed. The court dispensed with the meeting requirement based on consents received from equity shareholders and unsecured creditors of all companies involved. Compliance with legal procedures, including board resolutions and submission of required documents, was confirmed, leading to the approval of the Scheme of Amalgamation without the need for formal meetings. en-us Tue, 21 Jul 2015 00:00:00 +0530 Sat, 01 Aug 2015 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262657 The application under Section 391(1) of the Companies Act, 1956, seeking directions to dispense with the requirement of convening meetings of shareholders and creditors for a proposed Scheme of Amalgamation involving multiple companies in New Delhi, was allowed. The court dispensed with the meeting requirement based on consents received from equity shareholders and unsecured creditors of all companies involved. Compliance with legal procedures, including board resolutions and submission of required documents, was confirmed, leading to the approval of the Scheme of Amalgamation without the need for formal meetings. Case-Laws Companies Law Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262657