https://www.taxtmi.com/caselaws?id=337750 The Court granted sanction to the Scheme of Amalgamation filed by the Transferor Company and the Transferee Company under Sections 391 and 394 of the Companies Act, 1956. The Court directed compliance with statutory requirements, leading to the Transferor Company's dissolution without winding up upon the Scheme becoming effective. The order emphasized that any future deficiencies or violations would not be exempted by the sanction granted. The Petitioner Companies were instructed to deposit a sum of Rs. 50,000 as costs within two weeks. The petition was allowed and disposed of accordingly, with no exemptions granted from stamp duty, taxes, charges, permissions, or compliances. en-us Tue, 10 Jan 2017 00:00:00 +0530 Fri, 13 Jan 2017 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337750 The Court granted sanction to the Scheme of Amalgamation filed by the Transferor Company and the Transferee Company under Sections 391 and 394 of the Companies Act, 1956. The Court directed compliance with statutory requirements, leading to the Transferor Company's dissolution without winding up upon the Scheme becoming effective. The order emphasized that any future deficiencies or violations would not be exempted by the sanction granted. The Petitioner Companies were instructed to deposit a sum of Rs. 50,000 as costs within two weeks. The petition was allowed and disposed of accordingly, with no exemptions granted from stamp duty, taxes, charges, permissions, or compliances. Case-Laws Companies Law Tue, 10 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337750