https://www.taxtmi.com/caselaws?id=337112 The Court sanctioned the proposed scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, between the Transferor Company and the Transferee Company. Compliance with RBI regulations for the transfer of Pre-Paid Payment Instruments (PPI) business was ensured, with approval from shareholders and creditors obtained. The Official Liquidator was granted costs of at least &8377; 2,00,000, to be deposited by the Transferor Company with the Delhi High Court Bar Association Lawyers Social Security and Welfare Fund. The petition was allowed, and the matter was disposed of, emphasizing adherence to legal provisions and regulations. en-us Tue, 03 Jan 2017 00:00:00 +0530 Wed, 04 Jan 2017 08:53:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337112 The Court sanctioned the proposed scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, between the Transferor Company and the Transferee Company. Compliance with RBI regulations for the transfer of Pre-Paid Payment Instruments (PPI) business was ensured, with approval from shareholders and creditors obtained. The Official Liquidator was granted costs of at least &8377; 2,00,000, to be deposited by the Transferor Company with the Delhi High Court Bar Association Lawyers Social Security and Welfare Fund. The petition was allowed, and the matter was disposed of, emphasizing adherence to legal provisions and regulations. Case-Laws Companies Law Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337112