https://www.taxtmi.com/caselaws?id=326321 A Gujarat HC decision on sanction of an amalgamation scheme under sections 391 to 394 of the Companies Act, 1956 notes that meetings were dispensed with on consent affidavits and that notice was duly served on the Regional Director and Official Liquidator. The Regional Director's objections on share exchange ratio, treatment of reserves, and income-tax compliance were addressed to the court's satisfaction, and the Official Liquidator reported no prejudice to members or the public interest. On that basis, the scheme was treated as genuine and beneficial to shareholders and creditors, and sanction was granted. en-us Wed, 23 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 09:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326321 A Gujarat HC decision on sanction of an amalgamation scheme under sections 391 to 394 of the Companies Act, 1956 notes that meetings were dispensed with on consent affidavits and that notice was duly served on the Regional Director and Official Liquidator. The Regional Director's objections on share exchange ratio, treatment of reserves, and income-tax compliance were addressed to the court's satisfaction, and the Official Liquidator reported no prejudice to members or the public interest. On that basis, the scheme was treated as genuine and beneficial to shareholders and creditors, and sanction was granted. Case-Laws Companies Law Wed, 23 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326321