https://www.taxtmi.com/caselaws?id=329434 The court sanctioned the Scheme of Arrangement, Demerger, and Transfer of Undertaking under the Companies Act, 1956 and 2013. The scheme involving the Demerger and Transfer of the Ceramic Division of one company to another, along with a Restructure of Share Capital, was approved unanimously by stakeholders. The court found the scheme beneficial, addressing concerns raised by the Regional Director of the Ministry of Corporate Affairs. Consequently, the court granted the prayers for sanctioning the scheme and restructuring the share capital for both companies, with directions for compliance and cost allocation. en-us Thu, 23 Jun 2016 00:00:00 +0530 Fri, 01 Jul 2016 13:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329434 The court sanctioned the Scheme of Arrangement, Demerger, and Transfer of Undertaking under the Companies Act, 1956 and 2013. The scheme involving the Demerger and Transfer of the Ceramic Division of one company to another, along with a Restructure of Share Capital, was approved unanimously by stakeholders. The court found the scheme beneficial, addressing concerns raised by the Regional Director of the Ministry of Corporate Affairs. Consequently, the court granted the prayers for sanctioning the scheme and restructuring the share capital for both companies, with directions for compliance and cost allocation. Case-Laws Companies Law Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329434