https://www.taxtmi.com/caselaws?id=194515 Written consents or no-objections from all or the requisite majority of equity shareholders and creditors can justify dispensing with meetings for a proposed amalgamation scheme, provided the consents are verified and in order. Here, the transferor company's shareholders unanimously consented and there were no secured or unsecured creditors, while the transferee company's equity shareholders, sole secured creditor, and requisite majority of unsecured creditors also filed valid consents. As the boards of both companies had already unanimously approved the scheme, the HC dispensed with convening the meetings and allowed the amalgamation process to proceed without them. en-us Tue, 19 Jul 2016 00:00:00 +0530 Thu, 30 Nov 2017 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194515 Written consents or no-objections from all or the requisite majority of equity shareholders and creditors can justify dispensing with meetings for a proposed amalgamation scheme, provided the consents are verified and in order. Here, the transferor company's shareholders unanimously consented and there were no secured or unsecured creditors, while the transferee company's equity shareholders, sole secured creditor, and requisite majority of unsecured creditors also filed valid consents. As the boards of both companies had already unanimously approved the scheme, the HC dispensed with convening the meetings and allowed the amalgamation process to proceed without them. Case-Laws Companies Law Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194515