https://www.taxtmi.com/caselaws?id=329435 The court sanctioned the Scheme of Amalgamation between Advanta Limited and UPL Limited under sections 391 to 394 of the Companies Act, 1956. Both companies complied with SEBI, FEMA, and RBI guidelines, obtained shareholder and creditor approvals, and addressed observations from the Official Liquidator and Regional Director. The court directed the preservation of books of accounts post-amalgamation and emphasized statutory compliance. The scheme was deemed beneficial for shareholders, creditors, and public interest, leading to its approval and the disposal of related petitions with specified costs and post-sanction filing requirements for the petitioner companies. en-us Thu, 23 Jun 2016 00:00:00 +0530 Fri, 01 Jul 2016 13:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329435 The court sanctioned the Scheme of Amalgamation between Advanta Limited and UPL Limited under sections 391 to 394 of the Companies Act, 1956. Both companies complied with SEBI, FEMA, and RBI guidelines, obtained shareholder and creditor approvals, and addressed observations from the Official Liquidator and Regional Director. The court directed the preservation of books of accounts post-amalgamation and emphasized statutory compliance. The scheme was deemed beneficial for shareholders, creditors, and public interest, leading to its approval and the disposal of related petitions with specified costs and post-sanction filing requirements for the petitioner companies. Case-Laws Companies Law Thu, 23 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329435