https://www.taxtmi.com/caselaws?id=336656 The High Court sanctioned the Scheme of Amalgamation of five companies under Sections 391 to 394 of the Companies Act, 1956, allowing the merger of four Transferor Companies with a Transferee Company for operational consolidation and growth benefits. Meetings of Equity Shareholders and Unsecured Creditors were dispensed with due to unanimous consent, and no objections were raised. The court confirmed compliance with regulatory guidelines and tax laws, finding the Scheme to be in the interest of stakeholders and the public. Costs were awarded, and directions were given for compliance and registration procedures. en-us Wed, 14 Dec 2016 00:00:00 +0530 Tue, 27 Dec 2016 15:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336656 The High Court sanctioned the Scheme of Amalgamation of five companies under Sections 391 to 394 of the Companies Act, 1956, allowing the merger of four Transferor Companies with a Transferee Company for operational consolidation and growth benefits. Meetings of Equity Shareholders and Unsecured Creditors were dispensed with due to unanimous consent, and no objections were raised. The court confirmed compliance with regulatory guidelines and tax laws, finding the Scheme to be in the interest of stakeholders and the public. Costs were awarded, and directions were given for compliance and registration procedures. Case-Laws Companies Law Wed, 14 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336656