https://www.taxtmi.com/caselaws?id=328510 The court granted final approval for a scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, filed by two companies. Despite concerns raised by the Regional Director regarding discrepancies in the scheme, the court sanctioned the scheme after the petitioners rectified errors and extended the validity period. The transferee company undertook to assume liabilities, and the court emphasized compliance with all scheme provisions post-sanction, clarifying ongoing legal obligations. The judgment ensures transparency and adherence to statutory requirements in the amalgamation process. en-us Wed, 06 Apr 2016 00:00:00 +0530 Mon, 06 Jun 2016 12:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328510 The court granted final approval for a scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, filed by two companies. Despite concerns raised by the Regional Director regarding discrepancies in the scheme, the court sanctioned the scheme after the petitioners rectified errors and extended the validity period. The transferee company undertook to assume liabilities, and the court emphasized compliance with all scheme provisions post-sanction, clarifying ongoing legal obligations. The judgment ensures transparency and adherence to statutory requirements in the amalgamation process. Case-Laws Companies Law Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328510