https://www.taxtmi.com/caselaws?id=271387 The Court granted the prayers in the Company Petitions for a Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956. Meetings of Equity Shareholders and Unsecured Creditors were dispensed with, and the Scheme was found to be in the interest of shareholders, creditors, and public interest. The Court directed preservation of books of accounts, addressed observations by the Central Government regarding compliance with the Income Tax Act, and waived publication in the Government Gazette. Costs were awarded to the Central Government Standing Counsel and Official Liquidator, with directions for further necessary actions. en-us Mon, 18 Jan 2016 00:00:00 +0530 Thu, 04 Feb 2016 06:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271387 The Court granted the prayers in the Company Petitions for a Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956. Meetings of Equity Shareholders and Unsecured Creditors were dispensed with, and the Scheme was found to be in the interest of shareholders, creditors, and public interest. The Court directed preservation of books of accounts, addressed observations by the Central Government regarding compliance with the Income Tax Act, and waived publication in the Government Gazette. Costs were awarded to the Central Government Standing Counsel and Official Liquidator, with directions for further necessary actions. Case-Laws Companies Law Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271387