https://www.taxtmi.com/caselaws?id=329618 The High Court of Bombay granted sanction to the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, involving three companies. Meetings of Equity Shareholders and Unsecured Creditors for the Transferor Companies were dispensed with, facilitating a smooth process. Company Petitions seeking approval of the Scheme were admitted, with responses filed to observations from the Regional Director and Official Liquidator. The Court approved the Scheme, subject to compliance with laws and statutory requirements, and determined costs for the petitions. Directions were given for record preservation and filing with the Registrar of Companies, concluding the proceedings efficiently. en-us Fri, 01 Jul 2016 00:00:00 +0530 Wed, 06 Jul 2016 13:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329618 The High Court of Bombay granted sanction to the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, involving three companies. Meetings of Equity Shareholders and Unsecured Creditors for the Transferor Companies were dispensed with, facilitating a smooth process. Company Petitions seeking approval of the Scheme were admitted, with responses filed to observations from the Regional Director and Official Liquidator. The Court approved the Scheme, subject to compliance with laws and statutory requirements, and determined costs for the petitions. Directions were given for record preservation and filing with the Registrar of Companies, concluding the proceedings efficiently. Case-Laws Companies Law Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329618