https://www.taxtmi.com/caselaws?id=178414 The Court approved and sanctioned the Scheme of Amalgamation filed by two Petitioner Companies, dispensing with the meetings of Equity Shareholders and Creditors based on their consent affidavits. Compliance with the Companies Act, 2013, and Income Tax Act was ensured, with the Regional Director's concerns addressed. The Scheme was found to be genuine and in the interest of shareholders and creditors. The Court emphasized post-sanction compliance with statutory liabilities and ordered payment of fees to relevant parties. Overall, the Court granted the prayers in the Company Petitions, approving the Scheme and directing authorities to act accordingly. en-us Mon, 18 Jan 2016 00:00:00 +0530 Sat, 02 Dec 2017 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178414 The Court approved and sanctioned the Scheme of Amalgamation filed by two Petitioner Companies, dispensing with the meetings of Equity Shareholders and Creditors based on their consent affidavits. Compliance with the Companies Act, 2013, and Income Tax Act was ensured, with the Regional Director's concerns addressed. The Scheme was found to be genuine and in the interest of shareholders and creditors. The Court emphasized post-sanction compliance with statutory liabilities and ordered payment of fees to relevant parties. Overall, the Court granted the prayers in the Company Petitions, approving the Scheme and directing authorities to act accordingly. Case-Laws Companies Law Mon, 18 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178414