https://www.taxtmi.com/caselaws?id=328295 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving three companies based in New Delhi. The Scheme aimed to consolidate services, reduce costs, and pool financial resources for future growth opportunities. The Board of Directors unanimously approved the Scheme, and no objections were raised by the Official Liquidator or Regional Director. The court dispensed with the requirement of convening meetings of equity shareholders and creditors. The petitioners were directed to comply with statutory requirements, pay costs of at least &8377; 1,00,000, and deposit the costs with the Common Pool Fund of the Official Liquidator. en-us Mon, 30 May 2016 00:00:00 +0530 Wed, 01 Jun 2016 11:16:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328295 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, involving three companies based in New Delhi. The Scheme aimed to consolidate services, reduce costs, and pool financial resources for future growth opportunities. The Board of Directors unanimously approved the Scheme, and no objections were raised by the Official Liquidator or Regional Director. The court dispensed with the requirement of convening meetings of equity shareholders and creditors. The petitioners were directed to comply with statutory requirements, pay costs of at least &8377; 1,00,000, and deposit the costs with the Common Pool Fund of the Official Liquidator. Case-Laws Companies Law Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328295