https://www.taxtmi.com/caselaws?id=195212 The Gujarat High Court, under Justice Abhilasha Kumari, granted dispensation from convening meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors in a Composite Scheme of Arrangement involving Amalgamation, Demerger, and Restructure of Share Capital under the Companies Act, 1956. The Court clarified that the proposed Restructure of Capital, including the Reduction of Issued, Subscribed, and Paid-up Equity Share Capital, was integral to the scheme and did not result in a Net Reduction of Capital. The Court dispensed with the prescribed procedures under the Companies Act, 1956, and the Companies (Court) Rules 1959. The application was disposed of, concluding the legal proceedings. en-us Fri, 06 May 2016 00:00:00 +0530 Mon, 23 Oct 2017 08:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195212 The Gujarat High Court, under Justice Abhilasha Kumari, granted dispensation from convening meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors in a Composite Scheme of Arrangement involving Amalgamation, Demerger, and Restructure of Share Capital under the Companies Act, 1956. The Court clarified that the proposed Restructure of Capital, including the Reduction of Issued, Subscribed, and Paid-up Equity Share Capital, was integral to the scheme and did not result in a Net Reduction of Capital. The Court dispensed with the prescribed procedures under the Companies Act, 1956, and the Companies (Court) Rules 1959. The application was disposed of, concluding the legal proceedings. Case-Laws Companies Law Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195212