https://www.taxtmi.com/caselaws?id=329518 The Court granted sanction to the Scheme of Amalgamation, allowing the merger of Logic Plastics Private Limited with Gujarat Nippon Enterprises Private Limited. Dispensation of meetings for Equity Shareholders and Creditors was approved. The Transferee Company assured compliance with FEMA, RBI Guidelines, and the Income Tax Act. The Official Liquidator confirmed no prejudicial affairs and requested record preservation. The Court directed statutory compliance and preservation of records, clarifying that the sanction did not absolve statutory liabilities. Costs were determined, and necessary documents were to be lodged for stamp duty adjudication. Legal proceedings concluded with the issuance of an authenticated copy of the order by the Registrar. en-us Wed, 15 Jun 2016 00:00:00 +0530 Mon, 04 Jul 2016 16:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329518 The Court granted sanction to the Scheme of Amalgamation, allowing the merger of Logic Plastics Private Limited with Gujarat Nippon Enterprises Private Limited. Dispensation of meetings for Equity Shareholders and Creditors was approved. The Transferee Company assured compliance with FEMA, RBI Guidelines, and the Income Tax Act. The Official Liquidator confirmed no prejudicial affairs and requested record preservation. The Court directed statutory compliance and preservation of records, clarifying that the sanction did not absolve statutory liabilities. Costs were determined, and necessary documents were to be lodged for stamp duty adjudication. Legal proceedings concluded with the issuance of an authenticated copy of the order by the Registrar. Case-Laws Companies Law Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329518