https://www.taxtmi.com/caselaws?id=345763 The Tribunal approved the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, between ORCC Solutions Private Limited and ACI Worldwide Solutions Private Limited. The Scheme involved the transfer and vesting of assets and liabilities from the Petitioner Company to the Transferee Company, with the dissolution of the Petitioner Company without winding up. The Court dispensed with shareholder and creditor meetings, and the Transferee Company was exempted from filing a separate petition. Tax implications were to be determined by Tax Authorities, and compliance with legal requirements was mandated. The Scheme was sanctioned, with specific directives for compliance and implementation. en-us Wed, 28 Jun 2017 00:00:00 +0530 Thu, 27 Jul 2017 08:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345763 The Tribunal approved the Scheme of Amalgamation under Sections 391 to 394 of the Companies Act, 1956, between ORCC Solutions Private Limited and ACI Worldwide Solutions Private Limited. The Scheme involved the transfer and vesting of assets and liabilities from the Petitioner Company to the Transferee Company, with the dissolution of the Petitioner Company without winding up. The Court dispensed with shareholder and creditor meetings, and the Transferee Company was exempted from filing a separate petition. Tax implications were to be determined by Tax Authorities, and compliance with legal requirements was mandated. The Scheme was sanctioned, with specific directives for compliance and implementation. Case-Laws Companies Law Wed, 28 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345763