https://www.taxtmi.com/caselaws?id=271203 The Court granted sanction for the Scheme of Arrangement involving Demerger and transfer of a division between two companies under Sections 391 to 394 of the Companies Act, 1956. Dispensation of meetings for Equity Shareholders and Creditors was allowed. Notices were issued to the Regional Director, and publication requirements were met. After addressing observations from the Regional Director regarding tax compliance, the Court approved the Scheme, imposed costs, and directed necessary actions for implementation, ultimately disposing of the petitions. The judgment underscores compliance with statutory procedures and Court approval for such arrangements. en-us Wed, 13 Jan 2016 00:00:00 +0530 Sat, 30 Jan 2016 10:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271203 The Court granted sanction for the Scheme of Arrangement involving Demerger and transfer of a division between two companies under Sections 391 to 394 of the Companies Act, 1956. Dispensation of meetings for Equity Shareholders and Creditors was allowed. Notices were issued to the Regional Director, and publication requirements were met. After addressing observations from the Regional Director regarding tax compliance, the Court approved the Scheme, imposed costs, and directed necessary actions for implementation, ultimately disposing of the petitions. The judgment underscores compliance with statutory procedures and Court approval for such arrangements. Case-Laws Companies Law Wed, 13 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271203