https://www.taxtmi.com/caselaws?id=195441 The Court, represented by Mr. S.R.Brahmbhatt J., held that the Transferee Company, as the Holding Company, is not required to initiate separate proceedings under Section 391(2) of the Companies Act, 1956 for the proposed Amalgamation involving its wholly owned subsidiary companies. The Court found that since the Transferee Company holds the entire share capital of the Transferor Companies and the capital structure will remain unchanged post-amalgamation, separate proceedings are unnecessary. The Judges Summons by the Transferee Company was disposed of, confirming that no additional proceedings are needed in this case. en-us Thu, 26 Mar 2015 00:00:00 +0530 Tue, 31 Oct 2017 10:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195441 The Court, represented by Mr. S.R.Brahmbhatt J., held that the Transferee Company, as the Holding Company, is not required to initiate separate proceedings under Section 391(2) of the Companies Act, 1956 for the proposed Amalgamation involving its wholly owned subsidiary companies. The Court found that since the Transferee Company holds the entire share capital of the Transferor Companies and the capital structure will remain unchanged post-amalgamation, separate proceedings are unnecessary. The Judges Summons by the Transferee Company was disposed of, confirming that no additional proceedings are needed in this case. Case-Laws Companies Law Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195441