https://www.taxtmi.com/caselaws?id=329148 The Court sanctioned the Scheme of Arrangement for the amalgamation of two companies engaged in similar activities, aiming for synergic benefits and cost reduction. Shareholders and creditors unanimously approved the Scheme, complying with SEBI Circulars and FEMA/RBI Guidelines. Despite concerns raised by the Regional Director, the Court found the Scheme in the interest of stakeholders and the public, leading to its approval. The Court directed the petitioner companies to fulfill post-sanction formalities within specified timelines and allocated costs to relevant parties. en-us Thu, 16 Jun 2016 00:00:00 +0530 Thu, 23 Jun 2016 13:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329148 The Court sanctioned the Scheme of Arrangement for the amalgamation of two companies engaged in similar activities, aiming for synergic benefits and cost reduction. Shareholders and creditors unanimously approved the Scheme, complying with SEBI Circulars and FEMA/RBI Guidelines. Despite concerns raised by the Regional Director, the Court found the Scheme in the interest of stakeholders and the public, leading to its approval. The Court directed the petitioner companies to fulfill post-sanction formalities within specified timelines and allocated costs to relevant parties. Case-Laws Companies Law Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329148