https://www.taxtmi.com/caselaws?id=271298 A scheme of amalgamation under the Companies Act, 1956 is sanctioned where the statutory procedure is followed, shareholder and creditor meetings are properly dispensed with on consent affidavits, notices are duly published and served, and objections from regulatory authorities are addressed. The Gujarat HC noted that the Official Liquidator found no prejudice to the members or the public interest, and that the scheme satisfied sections 391 to 394. On that basis, the scheme was treated as genuine and bona fide, and the amalgamation was approved. en-us Wed, 27 Jan 2016 00:00:00 +0530 Tue, 02 Feb 2016 10:09:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271298 A scheme of amalgamation under the Companies Act, 1956 is sanctioned where the statutory procedure is followed, shareholder and creditor meetings are properly dispensed with on consent affidavits, notices are duly published and served, and objections from regulatory authorities are addressed. The Gujarat HC noted that the Official Liquidator found no prejudice to the members or the public interest, and that the scheme satisfied sections 391 to 394. On that basis, the scheme was treated as genuine and bona fide, and the amalgamation was approved. Case-Laws Companies Law Wed, 27 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271298