https://www.taxtmi.com/caselaws?id=194419 The court allowed the application under Section 391 of the Companies Act, 1956, dispensing with the need for convening meetings of shareholders and creditors for the proposed Scheme of Amalgamation between two companies. The court considered the unanimous approval of the Board of Directors, consents from relevant stakeholders, and the wholly owned subsidiary status of the transferor company, concluding that convening meetings and filing a second motion petition were not required, granting directions for the Scheme to proceed. en-us Wed, 27 Jul 2016 00:00:00 +0530 Thu, 07 Sep 2017 10:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194419 The court allowed the application under Section 391 of the Companies Act, 1956, dispensing with the need for convening meetings of shareholders and creditors for the proposed Scheme of Amalgamation between two companies. The court considered the unanimous approval of the Board of Directors, consents from relevant stakeholders, and the wholly owned subsidiary status of the transferor company, concluding that convening meetings and filing a second motion petition were not required, granting directions for the Scheme to proceed. Case-Laws Companies Law Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194419