https://www.taxtmi.com/caselaws?id=344383 The NCLT approved the Scheme of Amalgamation between three companies without requiring shareholder and creditor meetings. Compliance with statutory requirements was confirmed, despite objections raised by the Regional Director regarding filing delays and NBFC status. The NCLT ruled that the companies did not qualify as NBFCs and thus did not need RBI registration. The order transferred assets and liabilities to the Transferee Company, dissolved the Transferor Companies, and allowed pending proceedings to continue against the Transferee Company. Stamp duty, taxes, and charges were not exempted, and legal action could be taken for any deficiencies or violations. en-us Thu, 11 May 2017 00:00:00 +0530 Fri, 16 Jun 2017 09:05:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344383 The NCLT approved the Scheme of Amalgamation between three companies without requiring shareholder and creditor meetings. Compliance with statutory requirements was confirmed, despite objections raised by the Regional Director regarding filing delays and NBFC status. The NCLT ruled that the companies did not qualify as NBFCs and thus did not need RBI registration. The order transferred assets and liabilities to the Transferee Company, dissolved the Transferor Companies, and allowed pending proceedings to continue against the Transferee Company. Stamp duty, taxes, and charges were not exempted, and legal action could be taken for any deficiencies or violations. Case-Laws Companies Law Thu, 11 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344383