https://www.taxtmi.com/caselaws?id=336607 The Court granted dispensation of meetings of Equity Shareholders and Unsecured Creditors for multiple companies involved in a Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956. Compliance with AS14 and Income Tax Act requirements was assured by the petitioner companies. The Court sanctioned the scheme, emphasizing the preservation of books and records by Transferor Companies and addressing the determination of costs. Administrative procedures were streamlined, and the petitions were disposed of with necessary directions to ensure compliance and safeguard parties' interests in the amalgamation process. en-us Fri, 16 Dec 2016 00:00:00 +0530 Mon, 26 Dec 2016 09:08:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336607 The Court granted dispensation of meetings of Equity Shareholders and Unsecured Creditors for multiple companies involved in a Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956. Compliance with AS14 and Income Tax Act requirements was assured by the petitioner companies. The Court sanctioned the scheme, emphasizing the preservation of books and records by Transferor Companies and addressing the determination of costs. Administrative procedures were streamlined, and the petitions were disposed of with necessary directions to ensure compliance and safeguard parties' interests in the amalgamation process. Case-Laws Companies Law Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336607