https://www.taxtmi.com/caselaws?id=329812 The court approved the scheme of arrangement (demerger) between the companies, effective from 1st April 2016, after finding it fair, just, compliant with statutory provisions, and not prejudicial to any stakeholder's interests. The court dispensed with the need for shareholder meetings, approved the reduction in share capital, and addressed concerns raised by the Regional Director. The order clarified that it did not grant exemption from stamp duty, taxes, charges, permissions, or compliances. The Senior Central Government Standing Counsel was awarded a fee of Rs. 5,000 from the Demerged company. The petitions were disposed of as per the judgment terms. en-us Fri, 03 Jun 2016 00:00:00 +0530 Wed, 06 Jul 2016 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329812 The court approved the scheme of arrangement (demerger) between the companies, effective from 1st April 2016, after finding it fair, just, compliant with statutory provisions, and not prejudicial to any stakeholder's interests. The court dispensed with the need for shareholder meetings, approved the reduction in share capital, and addressed concerns raised by the Regional Director. The order clarified that it did not grant exemption from stamp duty, taxes, charges, permissions, or compliances. The Senior Central Government Standing Counsel was awarded a fee of Rs. 5,000 from the Demerged company. The petitions were disposed of as per the judgment terms. Case-Laws Companies Law Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329812