https://www.taxtmi.com/caselaws?id=327662 The court sanctioned the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, involving Centurion Remedies Private Limited and Centurion Laboratories Private Limited. Meetings of Equity Shareholders were dispensed with, while meetings of Secured and Unsecured Creditors were convened. The Scheme of Amalgamation was approved by Unsecured Creditors, and after addressing observations and ensuring compliance, the court granted sanction to the Scheme. The Transferor Company was directed to preserve records, ensure statutory compliance, determine costs, and lodge the order and Scheme for stamp duty adjudication and filing with the Registrar of Companies. The legal proceedings were concluded with the disposal of the petitions. en-us Mon, 02 May 2016 00:00:00 +0530 Mon, 16 May 2016 10:03:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327662 The court sanctioned the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, involving Centurion Remedies Private Limited and Centurion Laboratories Private Limited. Meetings of Equity Shareholders were dispensed with, while meetings of Secured and Unsecured Creditors were convened. The Scheme of Amalgamation was approved by Unsecured Creditors, and after addressing observations and ensuring compliance, the court granted sanction to the Scheme. The Transferor Company was directed to preserve records, ensure statutory compliance, determine costs, and lodge the order and Scheme for stamp duty adjudication and filing with the Registrar of Companies. The legal proceedings were concluded with the disposal of the petitions. Case-Laws Companies Law Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327662