https://www.taxtmi.com/caselaws?id=194306 The Court granted the joint Application under sections 391 & 394 of the Companies Act, 1956 for the Scheme of Amalgamation between two companies. Dispensation was approved for convening meetings of Shareholders, secured and unsecured Creditors of both Transferor and Transferee Companies, as well as for Secured and Unsecured Creditors of the Transferee Company. The requirement of convening meetings for the Transferee Company was also dispensed with, based on the companies' relationship as a wholly owned subsidiary and no issuance of new shares, ensuring no impact on the rights of shareholders and creditors. en-us Wed, 30 Apr 2014 00:00:00 +0530 Thu, 30 Nov 2017 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194306 The Court granted the joint Application under sections 391 & 394 of the Companies Act, 1956 for the Scheme of Amalgamation between two companies. Dispensation was approved for convening meetings of Shareholders, secured and unsecured Creditors of both Transferor and Transferee Companies, as well as for Secured and Unsecured Creditors of the Transferee Company. The requirement of convening meetings for the Transferee Company was also dispensed with, based on the companies' relationship as a wholly owned subsidiary and no issuance of new shares, ensuring no impact on the rights of shareholders and creditors. Case-Laws Companies Law Wed, 30 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194306