https://www.taxtmi.com/caselaws?id=329147 The Court sanctioned the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, finding it beneficial for shareholders, creditors, and the public. The rationale included synergic advantages, reduced common expenditures, better operational synchronization, and improved profits. Shareholders' and creditors' meetings were dispensed with due to written consents. The Court addressed observations made by the Regional Director and found the Scheme to be in stakeholders' interest. The companies were directed to fulfill compliance requirements within specified timelines, with costs quantified for relevant parties. en-us Fri, 17 Jun 2016 00:00:00 +0530 Thu, 23 Jun 2016 13:07:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329147 The Court sanctioned the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, finding it beneficial for shareholders, creditors, and the public. The rationale included synergic advantages, reduced common expenditures, better operational synchronization, and improved profits. Shareholders' and creditors' meetings were dispensed with due to written consents. The Court addressed observations made by the Regional Director and found the Scheme to be in stakeholders' interest. The companies were directed to fulfill compliance requirements within specified timelines, with costs quantified for relevant parties. Case-Laws Companies Law Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329147