https://www.taxtmi.com/caselaws?id=272052 The Court sanctioned the Scheme of Amalgamation between a listed and an unlisted public limited company to enhance financial strength, shareholder value, operational efficiencies, and administrative control of the combined entity. Compliance with SEBI circulars, FEMA, RBI guidelines, and the Income Tax Act was emphasized, with directives to ensure adherence to these regulations. The Court considered observations by the Regional Director and Official Liquidator, finding the Scheme fair and reasonable for the companies, members, and creditors. Parties were directed to fulfill payment obligations, lodge necessary documents, and maintain records post-sanction. en-us Wed, 17 Feb 2016 00:00:00 +0530 Thu, 25 Feb 2016 08:52:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272052 The Court sanctioned the Scheme of Amalgamation between a listed and an unlisted public limited company to enhance financial strength, shareholder value, operational efficiencies, and administrative control of the combined entity. Compliance with SEBI circulars, FEMA, RBI guidelines, and the Income Tax Act was emphasized, with directives to ensure adherence to these regulations. The Court considered observations by the Regional Director and Official Liquidator, finding the Scheme fair and reasonable for the companies, members, and creditors. Parties were directed to fulfill payment obligations, lodge necessary documents, and maintain records post-sanction. Case-Laws Companies Law Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272052