https://www.taxtmi.com/caselaws?id=327683 The court sanctioned the Scheme of Amalgamation under Sections 391 & 394 of the Companies Act, 1956, leading to the dissolution of the Transferor Company and the transfer of its assets to the Transferee Company. Compliance with Accounting Standard 14 was addressed, with the Transferee Company directed to adhere to the standard and pending litigations. The court considered ongoing tax assessment proceedings and directed the Transferee Company to abide by the outcomes. The judgment emphasized the dissolution of the Transferor Company without winding up, with assets and liabilities transferring to the Transferee Company. The Scheme was deemed binding on all parties involved, with formal orders to be filed and published. en-us Mon, 11 Apr 2016 00:00:00 +0530 Tue, 17 May 2016 22:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327683 The court sanctioned the Scheme of Amalgamation under Sections 391 & 394 of the Companies Act, 1956, leading to the dissolution of the Transferor Company and the transfer of its assets to the Transferee Company. Compliance with Accounting Standard 14 was addressed, with the Transferee Company directed to adhere to the standard and pending litigations. The court considered ongoing tax assessment proceedings and directed the Transferee Company to abide by the outcomes. The judgment emphasized the dissolution of the Transferor Company without winding up, with assets and liabilities transferring to the Transferee Company. The Scheme was deemed binding on all parties involved, with formal orders to be filed and published. Case-Laws Companies Law Mon, 11 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327683