https://www.taxtmi.com/caselaws?id=270755 A scheme of amalgamation was sanctioned where both companies had approved the proposal, the shareholder and creditor process was completed, and no pending oppression, mismanagement, or similar proceedings existed. The only objection concerned compliance with FEMA and RBI-related requirements, which was addressed by the transferee company's undertaking to comply with FEMA, the RBI Act, the Income-tax Act, 1961, and all other applicable laws and regulations. The sanction was granted subject to observance of those regulatory and statutory requirements. en-us Mon, 19 Oct 2015 00:00:00 +0530 Fri, 15 Jan 2016 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270755 A scheme of amalgamation was sanctioned where both companies had approved the proposal, the shareholder and creditor process was completed, and no pending oppression, mismanagement, or similar proceedings existed. The only objection concerned compliance with FEMA and RBI-related requirements, which was addressed by the transferee company's undertaking to comply with FEMA, the RBI Act, the Income-tax Act, 1961, and all other applicable laws and regulations. The sanction was granted subject to observance of those regulatory and statutory requirements. Case-Laws Companies Law Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270755