https://www.taxtmi.com/caselaws?id=196633 The court held that Indian courts have jurisdiction over foreign companies in an amalgamation scheme if the transferee company is Indian. Compliance with Reserve Bank of India Regulations and the Foreign Exchange Management Act was found satisfactory. The court ruled that the amalgamation could proceed under Mauritius laws upon fulfilling specified conditions. The petition was granted, costs were awarded against the Regional Director, and the judgment clarified jurisdictional aspects, compliance requirements, and the authority of foreign companies in the context of the scheme. en-us Fri, 28 Apr 2006 00:00:00 +0530 Sat, 09 Dec 2017 13:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196633 The court held that Indian courts have jurisdiction over foreign companies in an amalgamation scheme if the transferee company is Indian. Compliance with Reserve Bank of India Regulations and the Foreign Exchange Management Act was found satisfactory. The court ruled that the amalgamation could proceed under Mauritius laws upon fulfilling specified conditions. The petition was granted, costs were awarded against the Regional Director, and the judgment clarified jurisdictional aspects, compliance requirements, and the authority of foreign companies in the context of the scheme. Case-Laws Companies Law Fri, 28 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196633