https://www.taxtmi.com/caselaws?id=271428 The Rajasthan High Court sanctioned a scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956, merging the petitioner company with another for management efficiency. No objections were raised by relevant authorities, and the lack of response from the Income Tax Department was deemed non-prejudicial. The Court approved the scheme, binding creditors and equity shareholders of both companies. Parties were allowed to seek implementation directions, with orders to be filed with the Registrar of Companies within fourteen days, and the Official Liquidator entitled to expenses from both companies. en-us Fri, 18 Sep 2015 00:00:00 +0530 Wed, 17 Feb 2016 19:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271428 The Rajasthan High Court sanctioned a scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956, merging the petitioner company with another for management efficiency. No objections were raised by relevant authorities, and the lack of response from the Income Tax Department was deemed non-prejudicial. The Court approved the scheme, binding creditors and equity shareholders of both companies. Parties were allowed to seek implementation directions, with orders to be filed with the Registrar of Companies within fourteen days, and the Official Liquidator entitled to expenses from both companies. Case-Laws Companies Law Fri, 18 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271428