https://www.taxtmi.com/caselaws?id=337933 The joint application for a Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956 by Transferor Company No.1, Transferor Company No.2, and Transferee Company was approved. The scheme aimed at consolidating resources for efficiency, with the share exchange ratio leading to cancellation of Transferor Companies' shares upon the scheme's effectiveness. The application included necessary financial details and consents from stakeholders. Dispensation for shareholder and creditor meetings was granted based on consents received. The Court allowed the application as requested, leading to the successful implementation of the amalgamation scheme. en-us Mon, 16 Jan 2017 00:00:00 +0530 Sat, 21 Jan 2017 07:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337933 The joint application for a Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956 by Transferor Company No.1, Transferor Company No.2, and Transferee Company was approved. The scheme aimed at consolidating resources for efficiency, with the share exchange ratio leading to cancellation of Transferor Companies' shares upon the scheme's effectiveness. The application included necessary financial details and consents from stakeholders. Dispensation for shareholder and creditor meetings was granted based on consents received. The Court allowed the application as requested, leading to the successful implementation of the amalgamation scheme. Case-Laws Companies Law Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337933