https://www.taxtmi.com/caselaws?id=336917 The Court sanctioned the Scheme of Amalgamation under Sections 391-394 of the Companies Act, 1956, and Rule 9 of the Companies (Court) Rules, 1959. Despite penalties for non-compliance, explanations provided satisfied queries raised by the Regional Director. Assets and liabilities of the Transferor Company would vest in the Transferee Company, leading to the Transferor Company's dissolution. The Scheme was deemed binding on all parties involved, with the Transferee Company required to deposit a sum in the Common Pool Fund Account of the Official Liquidator. The case was disposed of, with directions for filing a formal order of sanction within 30 days and publication of public notices. en-us Tue, 06 Dec 2016 00:00:00 +0530 Sat, 31 Dec 2016 13:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336917 The Court sanctioned the Scheme of Amalgamation under Sections 391-394 of the Companies Act, 1956, and Rule 9 of the Companies (Court) Rules, 1959. Despite penalties for non-compliance, explanations provided satisfied queries raised by the Regional Director. Assets and liabilities of the Transferor Company would vest in the Transferee Company, leading to the Transferor Company's dissolution. The Scheme was deemed binding on all parties involved, with the Transferee Company required to deposit a sum in the Common Pool Fund Account of the Official Liquidator. The case was disposed of, with directions for filing a formal order of sanction within 30 days and publication of public notices. Case-Laws Companies Law Tue, 06 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336917