https://www.taxtmi.com/caselaws?id=325418 A composite scheme of arrangement involving transfer of a windmill undertaking, amalgamation of the residue undertaking and restructuring of share capital was approved after shareholder and creditor consent, absence of objections, and satisfaction that the scheme was fair and in the public interest. The court also treated the proposed capital reduction as integral to the scheme and involving no net reduction of capital after issue of shares to the transferor's shareholders, so the reduction procedure under Sections 100 to 103 of the Companies Act, 1956 was dispensed with. Consequential directions were issued on records, tax liabilities, pending proceedings, stamp duty and regulatory compliance. en-us Wed, 09 Mar 2016 00:00:00 +0530 Sat, 19 Mar 2016 08:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325418 A composite scheme of arrangement involving transfer of a windmill undertaking, amalgamation of the residue undertaking and restructuring of share capital was approved after shareholder and creditor consent, absence of objections, and satisfaction that the scheme was fair and in the public interest. The court also treated the proposed capital reduction as integral to the scheme and involving no net reduction of capital after issue of shares to the transferor's shareholders, so the reduction procedure under Sections 100 to 103 of the Companies Act, 1956 was dispensed with. Consequential directions were issued on records, tax liabilities, pending proceedings, stamp duty and regulatory compliance. Case-Laws Companies Law Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325418