https://www.taxtmi.com/caselaws?id=196555 The Court approved the merger under Sections 391 and 394 of the Companies Act, 1956, with the Transferor Company merging into the Transferee Company at a share exchange ratio of 1 equity share for every 27,512 equity shares. Despite some concerns raised, no objections were received, and the scheme of amalgamation was sanctioned. The Transferor Company would be dissolved without winding up procedures, with the transfer of property and compliance with legal requirements mandated. The Petitioner Companies also agreed to deposit a sum in the Official Liquidator's fund, which was accepted by the Court. en-us Wed, 26 Mar 2014 00:00:00 +0530 Wed, 06 Dec 2017 22:06:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196555 The Court approved the merger under Sections 391 and 394 of the Companies Act, 1956, with the Transferor Company merging into the Transferee Company at a share exchange ratio of 1 equity share for every 27,512 equity shares. Despite some concerns raised, no objections were received, and the scheme of amalgamation was sanctioned. The Transferor Company would be dissolved without winding up procedures, with the transfer of property and compliance with legal requirements mandated. The Petitioner Companies also agreed to deposit a sum in the Official Liquidator's fund, which was accepted by the Court. Case-Laws Companies Law Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196555