https://www.taxtmi.com/caselaws?id=196630 A foreign-incorporated body corporate may be included as a transferor in an amalgamation because Section 394(4)(b) of the Companies Act, 1956 broadens the category of transferor entities beyond companies incorporated under the Act. The scheme must still satisfy the relevant foreign law requirements and the applicable FEMA/RBI framework, and it should not prejudice shareholders, creditors, or public interest. Where the record shows compliance with the foreign jurisdiction's law, regulatory alignment, and unanimous shareholder approval without material stakeholder prejudice, the scheme is legally capable of sanction. en-us Fri, 16 Jan 2009 00:00:00 +0530 Sat, 09 Dec 2017 12:58:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196630 A foreign-incorporated body corporate may be included as a transferor in an amalgamation because Section 394(4)(b) of the Companies Act, 1956 broadens the category of transferor entities beyond companies incorporated under the Act. The scheme must still satisfy the relevant foreign law requirements and the applicable FEMA/RBI framework, and it should not prejudice shareholders, creditors, or public interest. Where the record shows compliance with the foreign jurisdiction's law, regulatory alignment, and unanimous shareholder approval without material stakeholder prejudice, the scheme is legally capable of sanction. Case-Laws Companies Law Fri, 16 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196630