https://www.taxtmi.com/caselaws?id=197934 The court sanctioned the scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956, as all equity shareholders and creditors consented, eliminating the need for meetings. Despite objections raised on the exchange ratio of shares, the court deemed a valuation report unnecessary due to shareholder consensus and lack of challenge to the amalgamation. The official liquidator confirmed proper conduct of the transferor company's affairs, leading to the court finding no objections and confirming statutory compliance, granting absolute approval to the company petitions. en-us Fri, 13 Jul 2007 00:00:00 +0530 Thu, 18 Jan 2018 13:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197934 The court sanctioned the scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956, as all equity shareholders and creditors consented, eliminating the need for meetings. Despite objections raised on the exchange ratio of shares, the court deemed a valuation report unnecessary due to shareholder consensus and lack of challenge to the amalgamation. The official liquidator confirmed proper conduct of the transferor company's affairs, leading to the court finding no objections and confirming statutory compliance, granting absolute approval to the company petitions. Case-Laws Companies Law Fri, 13 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197934