https://www.taxtmi.com/caselaws?id=325199 The Court granted sanction to the Scheme of Amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. The meeting of Equity Shareholders was dispensed with due to unanimous consent, with no impact on Secured Creditors. After addressing observations and concerns raised by authorities, the Court approved the Scheme, directing the Transferor Company to preserve records and pay costs to the Official Liquidator. Necessary documents were to be lodged for stamp duty adjudication, and copies of the order were to be filed with relevant authorities. The petitions were disposed of, concluding the judgment. en-us Wed, 03 Feb 2016 00:00:00 +0530 Mon, 14 Mar 2016 12:10:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325199 The Court granted sanction to the Scheme of Amalgamation of two companies under Sections 391 to 394 of the Companies Act, 1956. The meeting of Equity Shareholders was dispensed with due to unanimous consent, with no impact on Secured Creditors. After addressing observations and concerns raised by authorities, the Court approved the Scheme, directing the Transferor Company to preserve records and pay costs to the Official Liquidator. Necessary documents were to be lodged for stamp duty adjudication, and copies of the order were to be filed with relevant authorities. The petitions were disposed of, concluding the judgment. Case-Laws Companies Law Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325199