https://www.taxtmi.com/caselaws?id=269003 The application under Sections 391, 392 & 394 of the Companies Act, 1956 for dispensing with the requirement of convening meetings of equity shareholders, secured, and unsecured creditors in the proposed Scheme of Arrangement between two companies in New Delhi is allowed. The Scheme, aimed at amalgamation for operational efficiencies and capital utilization, has been approved by the Board of Directors of both companies. Consents from equity shareholders and creditors have been obtained, and the share exchange ratio is detailed in the Scheme. Meetings of secured and unsecured creditors of the transferor company are directed to seek approval for the Scheme. en-us Fri, 06 Nov 2015 00:00:00 +0530 Mon, 07 Dec 2015 09:57:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269003 The application under Sections 391, 392 & 394 of the Companies Act, 1956 for dispensing with the requirement of convening meetings of equity shareholders, secured, and unsecured creditors in the proposed Scheme of Arrangement between two companies in New Delhi is allowed. The Scheme, aimed at amalgamation for operational efficiencies and capital utilization, has been approved by the Board of Directors of both companies. Consents from equity shareholders and creditors have been obtained, and the share exchange ratio is detailed in the Scheme. Meetings of secured and unsecured creditors of the transferor company are directed to seek approval for the Scheme. Case-Laws Companies Law Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269003