https://www.taxtmi.com/caselaws?id=198286 The Gujarat High Court ruled in favor of Azure Knowledge Corporation Pvt. Ltd., stating that separate proceedings under Section 391(2) of the Companies Act, 1956 were not necessary for the proposed amalgamation of its wholly owned subsidiaries, Successcraft Solutions Pvt. Ltd. and While Calls Services Pvt. Ltd. The court agreed that since the capital structure of the transferee company would not change post-amalgamation and the rights of existing shareholders and creditors would remain unaffected, separate proceedings were not required. The application was allowed with no costs imposed. en-us Mon, 14 Jun 2010 00:00:00 +0530 Sat, 27 Jan 2018 13:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198286 The Gujarat High Court ruled in favor of Azure Knowledge Corporation Pvt. Ltd., stating that separate proceedings under Section 391(2) of the Companies Act, 1956 were not necessary for the proposed amalgamation of its wholly owned subsidiaries, Successcraft Solutions Pvt. Ltd. and While Calls Services Pvt. Ltd. The court agreed that since the capital structure of the transferee company would not change post-amalgamation and the rights of existing shareholders and creditors would remain unaffected, separate proceedings were not required. The application was allowed with no costs imposed. Case-Laws Companies Law Mon, 14 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198286