https://www.taxtmi.com/caselaws?id=196370 The application under Sections 391 to 394 of the Companies Act, 1956 for the amalgamation of two group companies with a Transferee Company was approved. All Equity Shareholders and the sole Preference Shareholder of the Transferor Company consented to the Scheme, dispensing with the need for meetings. Separate meetings for Secured and Unsecured Creditors were convened, with detailed notice requirements fulfilled. The Director of the Applicant Company chaired the meetings, with powers to amend the Scheme if necessary. Quorum and proxy voting rules were established, with the Chairman determining vote values. The Chairman reported the meeting results to the Court, concluding the Company Application. en-us Wed, 08 Jan 2014 00:00:00 +0530 Tue, 28 Nov 2017 21:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196370 The application under Sections 391 to 394 of the Companies Act, 1956 for the amalgamation of two group companies with a Transferee Company was approved. All Equity Shareholders and the sole Preference Shareholder of the Transferor Company consented to the Scheme, dispensing with the need for meetings. Separate meetings for Secured and Unsecured Creditors were convened, with detailed notice requirements fulfilled. The Director of the Applicant Company chaired the meetings, with powers to amend the Scheme if necessary. Quorum and proxy voting rules were established, with the Chairman determining vote values. The Chairman reported the meeting results to the Court, concluding the Company Application. Case-Laws Companies Law Wed, 08 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196370