https://www.taxtmi.com/caselaws?id=336919 The Court sanctioned the amended scheme of amalgamation under Sections 391-394 of the Companies Act, 1956, involving three companies based in Rajasthan. With no objections raised and compliance confirmed by relevant authorities, the Court found the scheme non-prejudicial, following statutory rules. The scheme was declared binding on creditors and equity shareholders, with parties allowed to seek further directions. The Registrar was directed to issue the order, and specific allocations were made for expenses. The completion of the amalgamation process was ensured as the company petition was allowed. en-us Fri, 02 Dec 2016 00:00:00 +0530 Sat, 31 Dec 2016 13:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336919 The Court sanctioned the amended scheme of amalgamation under Sections 391-394 of the Companies Act, 1956, involving three companies based in Rajasthan. With no objections raised and compliance confirmed by relevant authorities, the Court found the scheme non-prejudicial, following statutory rules. The scheme was declared binding on creditors and equity shareholders, with parties allowed to seek further directions. The Registrar was directed to issue the order, and specific allocations were made for expenses. The completion of the amalgamation process was ensured as the company petition was allowed. Case-Laws Companies Law Fri, 02 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336919