https://www.taxtmi.com/caselaws?id=327682 The Court sanctioned the Composite Scheme of Arrangement under the Companies Act, 1956 and 2013, emphasizing the need for financial revival and compliance with regulatory guidelines. The Scheme, aimed at varying shareholders' rights and introducing a new class of Equity Shares, was deemed fair, reasonable, and in the company's best interest. The petitioner was directed to pay professional charges, lodge the Scheme for stamp duty, and file necessary documents. The Court dispensed with a drawn-up order, instructing prompt action on the authenticated copy, and disposed of the petition accordingly. 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 The Court sanctioned the Composite Scheme of Arrangement under the Companies Act, 1956 and 2013, emphasizing the need for financial revival and compliance with regulatory guidelines. The Scheme, aimed at varying shareholders' rights and introducing a new class of Equity Shares, was deemed fair, reasonable, and in the company's best interest. The petitioner was directed to pay professional charges, lodge the Scheme for stamp duty, and file necessary documents. The Court dispensed with a drawn-up order, instructing prompt action on the authenticated copy, and disposed of the petition accordingly. Case-Laws Companies Law Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327682