https://www.taxtmi.com/caselaws?id=331667 The High Court sanctioned the Scheme of Demerger transferring a company's non-foundary undertaking to another, after unanimous stakeholder approval and compliance assurances with Income Tax Act, FEMA, and RBI guidelines. The Court found the scheme beneficial, declared it binding on the company, members, and creditors, and approved it with effect from the appointed date. Parties were granted liberty for implementation directions, and a cost of Rs. 10,000 was awarded. The petition concluded the legal proceedings regarding the demerger scheme's approval by the High Court. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 30 Aug 2016 11:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331667 The High Court sanctioned the Scheme of Demerger transferring a company's non-foundary undertaking to another, after unanimous stakeholder approval and compliance assurances with Income Tax Act, FEMA, and RBI guidelines. The Court found the scheme beneficial, declared it binding on the company, members, and creditors, and approved it with effect from the appointed date. Parties were granted liberty for implementation directions, and a cost of Rs. 10,000 was awarded. The petition concluded the legal proceedings regarding the demerger scheme's approval by the High Court. Case-Laws Companies Law Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331667