https://www.taxtmi.com/caselaws?id=271575 The High Court sanctioned the Scheme of Amalgamation involving three companies under Sections 391 to 394 of the Companies Act, 1956. The Court dispensed with the requirement of meetings for various stakeholders based on written consents. Concerns raised by the Regional Director regarding compliance with Accounting Standard 14 and the Income Tax Act were addressed by the petitioner, who committed to necessary actions. The Court directed the preservation of records, statutory compliance, and lodging of documents with authorities. The petitioner Companies were reminded of their post-Amalgamation statutory liabilities, and the petitions were disposed of with cost determinations. en-us Thu, 10 Dec 2015 00:00:00 +0530 Wed, 10 Feb 2016 08:11:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271575 The High Court sanctioned the Scheme of Amalgamation involving three companies under Sections 391 to 394 of the Companies Act, 1956. The Court dispensed with the requirement of meetings for various stakeholders based on written consents. Concerns raised by the Regional Director regarding compliance with Accounting Standard 14 and the Income Tax Act were addressed by the petitioner, who committed to necessary actions. The Court directed the preservation of records, statutory compliance, and lodging of documents with authorities. The petitioner Companies were reminded of their post-Amalgamation statutory liabilities, and the petitions were disposed of with cost determinations. Case-Laws Companies Law Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271575