https://www.taxtmi.com/caselaws?id=337881 The Court exercised its discretion to dispense with the requirement of convening meetings of equity shareholders and unsecured creditors of both companies, and secured creditors of the Transferee Company. The application was allowed as the proposed scheme involved the amalgamation of a wholly owned subsidiary with its holding company, without new share issuance or variation in rights. Written consent from the sole equity shareholder of the Transferor Company, the Transferee Company, was obtained. Individual notices and publication requirements were also waived. en-us Mon, 16 Jan 2017 00:00:00 +0530 Wed, 18 Jan 2017 21:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337881 The Court exercised its discretion to dispense with the requirement of convening meetings of equity shareholders and unsecured creditors of both companies, and secured creditors of the Transferee Company. The application was allowed as the proposed scheme involved the amalgamation of a wholly owned subsidiary with its holding company, without new share issuance or variation in rights. Written consent from the sole equity shareholder of the Transferor Company, the Transferee Company, was obtained. Individual notices and publication requirements were also waived. Case-Laws Companies Law Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337881