https://www.taxtmi.com/caselaws?id=338221 The Court approved the Scheme of Arrangement and Demerger under Sections 391 to 394 of the Companies Act, 1956, involving Girnar Investment Limited as the Transferor Company and Suvrat Trading Co. Limited as the Transferee Company. The proposed scheme aimed to transfer the investment and financing business of the Transferor Company to the Transferee Company for a more focused business approach and efficient resource utilization. The Share Exchange ratio entailed Transferor Company members receiving 50,000 Equity Shares of &8377;10 each in the Transferee Company. With consents from shareholders and creditors obtained, the Court dispensed with the requirement for meetings and approved the scheme. en-us Tue, 24 Jan 2017 00:00:00 +0530 Wed, 25 Jan 2017 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338221 The Court approved the Scheme of Arrangement and Demerger under Sections 391 to 394 of the Companies Act, 1956, involving Girnar Investment Limited as the Transferor Company and Suvrat Trading Co. Limited as the Transferee Company. The proposed scheme aimed to transfer the investment and financing business of the Transferor Company to the Transferee Company for a more focused business approach and efficient resource utilization. The Share Exchange ratio entailed Transferor Company members receiving 50,000 Equity Shares of &8377;10 each in the Transferee Company. With consents from shareholders and creditors obtained, the Court dispensed with the requirement for meetings and approved the scheme. Case-Laws Companies Law Tue, 24 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338221