https://www.taxtmi.com/caselaws?id=330188 The court sanctioned the Composite Scheme of Arrangement involving amalgamation, demerger, and restructuring under the Companies Act, 1956. The scheme, aimed at streamlining holding structures and achieving synergistic benefits in the real estate sector, was approved as being in the interest of shareholders, creditors, and public interest. Shareholder meetings were dispensed with based on written consents, and compliance with legal procedures, accounting standards, and regulatory requirements was confirmed. The court directed specific actions for implementation, including the reduction of Equity Share Capital and compliance with stamp duty adjudication and filing procedures. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 20 Jul 2016 11:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330188 The court sanctioned the Composite Scheme of Arrangement involving amalgamation, demerger, and restructuring under the Companies Act, 1956. The scheme, aimed at streamlining holding structures and achieving synergistic benefits in the real estate sector, was approved as being in the interest of shareholders, creditors, and public interest. Shareholder meetings were dispensed with based on written consents, and compliance with legal procedures, accounting standards, and regulatory requirements was confirmed. The court directed specific actions for implementation, including the reduction of Equity Share Capital and compliance with stamp duty adjudication and filing procedures. Case-Laws Companies Law Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330188