https://www.taxtmi.com/caselaws?id=327613 The Court sanctioned a Scheme of Arrangement involving the demerger and transfer of divisions between two companies under relevant sections of the Companies Act. Compliance with procedural requirements was confirmed based on consents and absence of objections. The Regional Director's observations were addressed, with the Court finding them unwarranted. The Scheme was deemed beneficial and approved, with specific grants for share capital reduction. Petitions were disposed of with costs awarded, and the companies were directed to fulfill formalities for the scheme's implementation. en-us Tue, 03 May 2016 00:00:00 +0530 Sat, 14 May 2016 00:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327613 The Court sanctioned a Scheme of Arrangement involving the demerger and transfer of divisions between two companies under relevant sections of the Companies Act. Compliance with procedural requirements was confirmed based on consents and absence of objections. The Regional Director's observations were addressed, with the Court finding them unwarranted. The Scheme was deemed beneficial and approved, with specific grants for share capital reduction. Petitions were disposed of with costs awarded, and the companies were directed to fulfill formalities for the scheme's implementation. Case-Laws Companies Law Tue, 03 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327613