https://www.taxtmi.com/caselaws?id=326502 The Court sanctioned the Scheme of Arrangement for Amalgamation between two companies to achieve synergic benefits. Shareholders and creditors' meetings were dispensed with as written consents were obtained, and no objections were raised. The Scheme included provisions for compliance with FEMA and RBI guidelines for equity shares held by foreign body corporates. Despite the absence of a working sheet for the share exchange ratio calculation and no response from the Income Tax Department, the Court found the Scheme to be in the interest of stakeholders and sanctioned it, granting related orders and specifying costs and directions for further steps. en-us Mon, 11 Apr 2016 00:00:00 +0530 Mon, 18 Apr 2016 08:08:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326502 The Court sanctioned the Scheme of Arrangement for Amalgamation between two companies to achieve synergic benefits. Shareholders and creditors' meetings were dispensed with as written consents were obtained, and no objections were raised. The Scheme included provisions for compliance with FEMA and RBI guidelines for equity shares held by foreign body corporates. Despite the absence of a working sheet for the share exchange ratio calculation and no response from the Income Tax Department, the Court found the Scheme to be in the interest of stakeholders and sanctioned it, granting related orders and specifying costs and directions for further steps. Case-Laws Companies Law Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326502