https://www.taxtmi.com/caselaws?id=326278 The court sanctioned the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956. The scheme involved simplifying the shareholding structure, transferring employees and properties, canceling equity stake, and dissolving the transferor company. The court ordered compliance with statutory requirements and liabilities, directing the petitioners to file a certified copy of the order with the Registrar of Companies within 30 days. The petition was allowed, and the scheme was approved with provisions for cancellation of shares and reduction of share capital, subject to fulfilling all obligations and statutory provisions. en-us Thu, 07 Apr 2016 00:00:00 +0530 Mon, 11 Apr 2016 21:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326278 The court sanctioned the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956. The scheme involved simplifying the shareholding structure, transferring employees and properties, canceling equity stake, and dissolving the transferor company. The court ordered compliance with statutory requirements and liabilities, directing the petitioners to file a certified copy of the order with the Registrar of Companies within 30 days. The petition was allowed, and the scheme was approved with provisions for cancellation of shares and reduction of share capital, subject to fulfilling all obligations and statutory provisions. Case-Laws Companies Law Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326278