https://www.taxtmi.com/caselaws?id=336373 The Court granted sanction to the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, allowing the merger of two companies. Dispensation of meetings for Equity Shareholders and Creditors was approved. The Regional Director's observations were addressed by the Transferee Company, ensuring compliance with various aspects. The Official Liquidator confirmed no prejudice to the Transferor Company's affairs and requested record preservation. The Court sanctioned the scheme, emphasizing record preservation and statutory compliance. Compliance requirements, costs, and filing procedures were specified for post-sanction actions, ensuring the validity of the amalgamation. en-us Fri, 09 Dec 2016 00:00:00 +0530 Wed, 21 Dec 2016 07:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336373 The Court granted sanction to the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, allowing the merger of two companies. Dispensation of meetings for Equity Shareholders and Creditors was approved. The Regional Director's observations were addressed by the Transferee Company, ensuring compliance with various aspects. The Official Liquidator confirmed no prejudice to the Transferor Company's affairs and requested record preservation. The Court sanctioned the scheme, emphasizing record preservation and statutory compliance. Compliance requirements, costs, and filing procedures were specified for post-sanction actions, ensuring the validity of the amalgamation. Case-Laws Companies Law Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336373