https://www.taxtmi.com/caselaws?id=335983 A scheme of amalgamation was sanctioned after the court found it fair, reasonable, and compliant with the Companies Act, 1956. The objections raised by the Regional Director were addressed through undertakings and clarifications covering tax scrutiny, employee continuity, RBI and FEMA compliance, and protection of shareholders' rights. With no objector opposing the scheme and the Official Liquidator reporting proper conduct of the transferor companies' affairs, the court held that the statutory requirements were satisfied and that the transferor companies could be dissolved without winding up. Consequential filings, stamping, and other regulatory compliances were directed. en-us Tue, 29 Nov 2016 00:00:00 +0530 Wed, 14 Dec 2016 10:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335983 A scheme of amalgamation was sanctioned after the court found it fair, reasonable, and compliant with the Companies Act, 1956. The objections raised by the Regional Director were addressed through undertakings and clarifications covering tax scrutiny, employee continuity, RBI and FEMA compliance, and protection of shareholders' rights. With no objector opposing the scheme and the Official Liquidator reporting proper conduct of the transferor companies' affairs, the court held that the statutory requirements were satisfied and that the transferor companies could be dissolved without winding up. Consequential filings, stamping, and other regulatory compliances were directed. Case-Laws Companies Law Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335983