https://www.taxtmi.com/caselaws?id=333264 The Court sanctioned the scheme filed by the Transferor Companies and Transferee Company, finding it compliant with the Companies Act, 1956. Meetings of different classes of members were dispensed with, and compliance with relevant laws, including the Income Tax Act, was ensured. The Court directed the preservation of books of accounts and records, and the petitioners were instructed to pay fees to the Assistant Solicitor General and Official Liquidator. Ultimately, the Court disposed of the petitions, allowing the scheme to proceed as prayed. en-us Fri, 30 Sep 2016 00:00:00 +0530 Sat, 08 Oct 2016 11:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333264 The Court sanctioned the scheme filed by the Transferor Companies and Transferee Company, finding it compliant with the Companies Act, 1956. Meetings of different classes of members were dispensed with, and compliance with relevant laws, including the Income Tax Act, was ensured. The Court directed the preservation of books of accounts and records, and the petitioners were instructed to pay fees to the Assistant Solicitor General and Official Liquidator. Ultimately, the Court disposed of the petitions, allowing the scheme to proceed as prayed. Case-Laws Companies Law Fri, 30 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333264