https://www.taxtmi.com/caselaws?id=195377 The Court held that separate proceedings under Sec. 391(2) of the Companies Act, 1956 were not required for the proposed Scheme of Amalgamation involving a Transferee Company and its wholly owned subsidiary companies. The Court found that as the Holding Company, the Transferee Company's capital structure and existing shareholders' rights would remain unaffected by the amalgamation. Therefore, the application was disposed of in favor of the applicant, clarifying the legal position on the necessity of separate proceedings in such transactions. en-us Fri, 06 Nov 2015 00:00:00 +0530 Sat, 28 Oct 2017 10:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195377 The Court held that separate proceedings under Sec. 391(2) of the Companies Act, 1956 were not required for the proposed Scheme of Amalgamation involving a Transferee Company and its wholly owned subsidiary companies. The Court found that as the Holding Company, the Transferee Company's capital structure and existing shareholders' rights would remain unaffected by the amalgamation. Therefore, the application was disposed of in favor of the applicant, clarifying the legal position on the necessity of separate proceedings in such transactions. Case-Laws Companies Law Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195377