https://www.taxtmi.com/caselaws?id=194916 The court granted the application under Sections 391, 392 & 394 of the Companies Act, 1956, allowing dispensation with shareholder and creditor meetings for a proposed Scheme of Amalgamation between a transferor and transferee company. The court waived the requirement for the transferee company to seek court approval, as consents were obtained, and no new shares were issued, ensuring no impact on shareholders or creditors' rights. The judgment facilitated the amalgamation process, acknowledging the efficiencies and benefits outlined in the Scheme. en-us Mon, 02 Nov 2015 00:00:00 +0530 Fri, 06 Oct 2017 06:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194916 The court granted the application under Sections 391, 392 & 394 of the Companies Act, 1956, allowing dispensation with shareholder and creditor meetings for a proposed Scheme of Amalgamation between a transferor and transferee company. The court waived the requirement for the transferee company to seek court approval, as consents were obtained, and no new shares were issued, ensuring no impact on shareholders or creditors' rights. The judgment facilitated the amalgamation process, acknowledging the efficiencies and benefits outlined in the Scheme. Case-Laws Companies Law Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194916