https://www.taxtmi.com/caselaws?id=336449 The court sanctioned the Scheme of Arrangement for the amalgamation of multiple companies, dispensing with meetings of Equity Shareholders and Unsecured Creditors. The Transferee Company agreed to comply with SEBI regulations, RBI guidelines, and the Income Tax Act. Orders were passed under Section 391(1) of the Companies Act, 1956, with directions to preserve books of accounts and records. The court found the explanations satisfactory, ordered the Scheme's sanction, and directed payment of professional charges. The petitions were disposed of, emphasizing the importance of regulatory compliance and record preservation. en-us Fri, 09 Dec 2016 00:00:00 +0530 Thu, 22 Dec 2016 07:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336449 The court sanctioned the Scheme of Arrangement for the amalgamation of multiple companies, dispensing with meetings of Equity Shareholders and Unsecured Creditors. The Transferee Company agreed to comply with SEBI regulations, RBI guidelines, and the Income Tax Act. Orders were passed under Section 391(1) of the Companies Act, 1956, with directions to preserve books of accounts and records. The court found the explanations satisfactory, ordered the Scheme's sanction, and directed payment of professional charges. The petitions were disposed of, emphasizing the importance of regulatory compliance and record preservation. Case-Laws Companies Law Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336449