https://www.taxtmi.com/caselaws?id=338304 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between two companies based in New Delhi. The share exchange ratio was determined, and the Scheme was unanimously approved by the Board of Directors. Reports from the Official Liquidator and Regional Directors indicated no objections. With no objections received, the court approved the Scheme, directing the dissolution of the transferor company without winding-up proceedings. The petitioners were ordered to pay costs to the Official Liquidator. en-us Mon, 24 Oct 2016 00:00:00 +0530 Wed, 01 Feb 2017 08:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338304 The court granted sanction to the Scheme of Amalgamation under Sections 391 and 394 of the Companies Act, 1956, between two companies based in New Delhi. The share exchange ratio was determined, and the Scheme was unanimously approved by the Board of Directors. Reports from the Official Liquidator and Regional Directors indicated no objections. With no objections received, the court approved the Scheme, directing the dissolution of the transferor company without winding-up proceedings. The petitioners were ordered to pay costs to the Official Liquidator. Case-Laws Companies Law Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338304