https://www.taxtmi.com/caselaws?id=327682 A composite scheme of arrangement may be sanctioned under the Companies Act, 1956 where statutory concerns are addressed and the scheme is shown to be fair, reasonable, lawful, and consistent with public policy. Here, the Regional Director's objections were met by the petitioner's assurance of compliance with FEMA, RBI guidelines, and income-tax requirements, and no objections were received from shareholders, creditors, or any other person after publication. On that material, the HC sanctioned the scheme. en-us Fri, 29 Apr 2016 00:00:00 +0530 Tue, 17 May 2016 22:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327682 A composite scheme of arrangement may be sanctioned under the Companies Act, 1956 where statutory concerns are addressed and the scheme is shown to be fair, reasonable, lawful, and consistent with public policy. Here, the Regional Director's objections were met by the petitioner's assurance of compliance with FEMA, RBI guidelines, and income-tax requirements, and no objections were received from shareholders, creditors, or any other person after publication. On that material, the HC sanctioned the scheme. Case-Laws Companies Law Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327682