https://www.taxtmi.com/caselaws?id=271981 The Court granted sanction to the Scheme of Amalgamation involving three companies under Sections 391 to 394 of The Companies Act, 1956. Dispensation of meetings for equity shareholders was allowed based on written consent. Despite observations by the Regional Director, the Court approved the scheme, directing preservation of books of account, statutory compliance, and post-amalgamation liabilities. The Court emphasized record preservation and compliance with laws, with petitioners instructed to submit necessary documents within a specified timeframe. Costs were awarded to the Central Government and Official Liquidator, and the petitions were disposed of accordingly. en-us Thu, 18 Feb 2016 00:00:00 +0530 Tue, 23 Feb 2016 10:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271981 The Court granted sanction to the Scheme of Amalgamation involving three companies under Sections 391 to 394 of The Companies Act, 1956. Dispensation of meetings for equity shareholders was allowed based on written consent. Despite observations by the Regional Director, the Court approved the scheme, directing preservation of books of account, statutory compliance, and post-amalgamation liabilities. The Court emphasized record preservation and compliance with laws, with petitioners instructed to submit necessary documents within a specified timeframe. Costs were awarded to the Central Government and Official Liquidator, and the petitions were disposed of accordingly. Case-Laws Companies Law Thu, 18 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271981