https://www.taxtmi.com/caselaws?id=195561 A scheme of amalgamation was sanctioned under sections 391 to 394 of the Companies Act, 1956 after the statutory requirements were found satisfied. The court noted that shareholder and creditor meetings had been dispensed with on the basis of consent affidavits, notice had been duly served on the Regional Director and Official Liquidator, and the objections on reserves, accounting treatment, and tax compliance were answered. The Official Liquidator reported no prejudice to members or the public interest, and the petitioners undertook compliance with applicable statutory liabilities. The scheme was held genuine and bona fide and was approved. en-us Mon, 21 Dec 2015 00:00:00 +0530 Fri, 03 Nov 2017 17:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195561 A scheme of amalgamation was sanctioned under sections 391 to 394 of the Companies Act, 1956 after the statutory requirements were found satisfied. The court noted that shareholder and creditor meetings had been dispensed with on the basis of consent affidavits, notice had been duly served on the Regional Director and Official Liquidator, and the objections on reserves, accounting treatment, and tax compliance were answered. The Official Liquidator reported no prejudice to members or the public interest, and the petitioners undertook compliance with applicable statutory liabilities. The scheme was held genuine and bona fide and was approved. Case-Laws Companies Law Mon, 21 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195561