https://www.taxtmi.com/caselaws?id=331186 The Court granted dispensation of meetings of shareholders and creditors, as well as exemption from filing the 2nd motion petition for a Scheme of Amalgamation involving three companies. The Court found no need for meetings as there would be no impact on shareholders' rights or share capital reorganization. The Petitioner's compliance with Accounting Standard 14 and settlement of tax matters were assured. The Scheme was sanctioned, binding on all parties, subject to compliance conditions, and required formal filing with the Registrar of Companies. en-us Mon, 01 Aug 2016 00:00:00 +0530 Tue, 16 Aug 2016 11:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331186 The Court granted dispensation of meetings of shareholders and creditors, as well as exemption from filing the 2nd motion petition for a Scheme of Amalgamation involving three companies. The Court found no need for meetings as there would be no impact on shareholders' rights or share capital reorganization. The Petitioner's compliance with Accounting Standard 14 and settlement of tax matters were assured. The Scheme was sanctioned, binding on all parties, subject to compliance conditions, and required formal filing with the Registrar of Companies. Case-Laws Companies Law Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331186