https://www.taxtmi.com/caselaws?id=329681 The court sanctioned the Scheme of Arrangement for amalgamation between two companies under Sections 391 and 394 of the Companies Act, 1956. The Scheme was found fair, reasonable, and compliant with statutory requirements, with no objections raised by stakeholders. Compliance with Accounting Standard 14 was directed for the Transferee Company, along with fulfilling requirements for changing the company name. Despite no response from the Income Tax department, the court presumed no objection but directed compliance with tax laws. Observations by the Regional Director and Official Liquidator supported the Scheme, leading to the court granting sanction, binding on all parties involved. en-us Fri, 01 Jul 2016 00:00:00 +0530 Thu, 07 Jul 2016 12:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329681 The court sanctioned the Scheme of Arrangement for amalgamation between two companies under Sections 391 and 394 of the Companies Act, 1956. The Scheme was found fair, reasonable, and compliant with statutory requirements, with no objections raised by stakeholders. Compliance with Accounting Standard 14 was directed for the Transferee Company, along with fulfilling requirements for changing the company name. Despite no response from the Income Tax department, the court presumed no objection but directed compliance with tax laws. Observations by the Regional Director and Official Liquidator supported the Scheme, leading to the court granting sanction, binding on all parties involved. Case-Laws Companies Law Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329681