https://www.taxtmi.com/caselaws?id=343186 The court sanctioned the Scheme of Amalgamation between two companies under Sections 391 to 394 of the Companies Act, 1956. The Scheme was approved, addressing observations and objections from the Regional Director and Official Liquidator. The court ordered the assets and liabilities to transfer to the Transferee Company, dissolution of the Transferor Company, and compliance with Accounting Standards. The Scheme would bind all stakeholders, with a deposit required in the Common Pool Fund Account. The petition was disposed of with the court's approval of the amalgamation. en-us Tue, 16 May 2017 00:00:00 +0530 Sat, 20 May 2017 09:05:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343186 The court sanctioned the Scheme of Amalgamation between two companies under Sections 391 to 394 of the Companies Act, 1956. The Scheme was approved, addressing observations and objections from the Regional Director and Official Liquidator. The court ordered the assets and liabilities to transfer to the Transferee Company, dissolution of the Transferor Company, and compliance with Accounting Standards. The Scheme would bind all stakeholders, with a deposit required in the Common Pool Fund Account. The petition was disposed of with the court's approval of the amalgamation. Case-Laws Companies Law Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343186