https://www.taxtmi.com/caselaws?id=181352 The Court sanctioned the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between several Petitioner Companies and Milestone Tradelinks Private Limited. Meetings of Equity Shareholders, Preference Shareholders, and Unsecured Creditors were dispensed with based on consent affidavits. Compliance with Accounting Standard 14 was a key issue, with the Court allowing deviations subject to proper disclosure. The Court approved the Scheme, emphasizing shareholder and creditor interests, and directed the payment of fees to the Assistant Solicitor General of India and the Official Liquidator by the Petitioner Companies. en-us Mon, 03 Sep 2012 00:00:00 +0530 Thu, 26 Oct 2017 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181352 The Court sanctioned the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between several Petitioner Companies and Milestone Tradelinks Private Limited. Meetings of Equity Shareholders, Preference Shareholders, and Unsecured Creditors were dispensed with based on consent affidavits. Compliance with Accounting Standard 14 was a key issue, with the Court allowing deviations subject to proper disclosure. The Court approved the Scheme, emphasizing shareholder and creditor interests, and directed the payment of fees to the Assistant Solicitor General of India and the Official Liquidator by the Petitioner Companies. Case-Laws Companies Law Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181352