https://www.taxtmi.com/caselaws?id=339351 The Delhi High Court granted sanction to the proposed scheme of Amalgamation between Galaxy Commodities Private Limited (Transferor Company) and Tex Apparels Private Limited (Transferee Company). The scheme aimed to pool resources, create a larger entity, and streamline management. The court approved the share exchange ratio and dispensed with shareholder and creditor meetings as both companies' boards of directors had already approved the scheme. With no objections from relevant parties, the court directed compliance with statutory requirements, dissolution of the Transferor Company without winding up, and filing of the order with the Registrar of Companies. en-us Fri, 10 Feb 2017 00:00:00 +0530 Sat, 25 Feb 2017 10:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339351 The Delhi High Court granted sanction to the proposed scheme of Amalgamation between Galaxy Commodities Private Limited (Transferor Company) and Tex Apparels Private Limited (Transferee Company). The scheme aimed to pool resources, create a larger entity, and streamline management. The court approved the share exchange ratio and dispensed with shareholder and creditor meetings as both companies' boards of directors had already approved the scheme. With no objections from relevant parties, the court directed compliance with statutory requirements, dissolution of the Transferor Company without winding up, and filing of the order with the Registrar of Companies. Case-Laws Companies Law Fri, 10 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339351