https://www.taxtmi.com/caselaws?id=331668 A scheme of arrangement in the nature of amalgamation was approved where the shareholders and creditors unanimously consented in the convened meetings. The Court treated the Regional Director's concerns on RBI approval, FEMA compliance for NRI shareholding, valuation, share exchange ratio, and income-tax compliance as addressed on the record. Finding the scheme fair and reasonable, not contrary to law or public policy, and noting that no stakeholder objection was raised, the Court sanctioned the amalgamation under the Companies Act, 1956. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 30 Aug 2016 11:26:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331668 A scheme of arrangement in the nature of amalgamation was approved where the shareholders and creditors unanimously consented in the convened meetings. The Court treated the Regional Director's concerns on RBI approval, FEMA compliance for NRI shareholding, valuation, share exchange ratio, and income-tax compliance as addressed on the record. Finding the scheme fair and reasonable, not contrary to law or public policy, and noting that no stakeholder objection was raised, the Court sanctioned the amalgamation under the Companies Act, 1956. Case-Laws Companies Law Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331668