https://www.taxtmi.com/caselaws?id=271499 The Court sanctioned the Composite Scheme of Arrangement involving a Slump Sale and Amalgamation, consolidating operations for synergic benefits. Meetings of shareholders were dispensed with due to unanimous consent. The Official Liquidator confirmed the Transferor Company's compliance with regulations. The Regional Director's concerns regarding cash consideration, share exchange ratio, accounting treatment, regulatory approvals, and Income Tax Department objections were addressed. The Court found the Scheme in the interest of stakeholders and public, sanctioning it with specified costs and directives for compliance and filing. en-us Fri, 08 Jan 2016 00:00:00 +0530 Mon, 08 Feb 2016 10:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271499 The Court sanctioned the Composite Scheme of Arrangement involving a Slump Sale and Amalgamation, consolidating operations for synergic benefits. Meetings of shareholders were dispensed with due to unanimous consent. The Official Liquidator confirmed the Transferor Company's compliance with regulations. The Regional Director's concerns regarding cash consideration, share exchange ratio, accounting treatment, regulatory approvals, and Income Tax Department objections were addressed. The Court found the Scheme in the interest of stakeholders and public, sanctioning it with specified costs and directives for compliance and filing. Case-Laws Companies Law Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271499