https://www.taxtmi.com/caselaws?id=337825 The High Court sanctioned the proposed scheme of Arrangement and Amalgamation involving three companies under Sections 391 to 394 of the Companies Act, 1956. The scheme included the demerger of one company's business into another and the amalgamation of the remaining business with a third company. The Court granted sanction subject to specific conditions, effective from the appointed date, emphasizing compliance with statutory requirements and not exempting parties from legal obligations. The judgment outlined the approval process, compliance, and post-sanction directives for the parties involved. en-us Wed, 18 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 08:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337825 The High Court sanctioned the proposed scheme of Arrangement and Amalgamation involving three companies under Sections 391 to 394 of the Companies Act, 1956. The scheme included the demerger of one company's business into another and the amalgamation of the remaining business with a third company. The Court granted sanction subject to specific conditions, effective from the appointed date, emphasizing compliance with statutory requirements and not exempting parties from legal obligations. The judgment outlined the approval process, compliance, and post-sanction directives for the parties involved. Case-Laws Companies Law Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337825