https://www.taxtmi.com/caselaws?id=198289 The Judge granted the Transferee Company's application for dispensation of meetings of Secured and Unsecured Creditors under Section 391(2) of the Companies Act, 1956, for the proposed amalgamation with its wholly owned subsidiary Company. The Court held that separate proceedings for amalgamation of a wholly owned subsidiary Company were not necessary for the Holding Company. Consequently, the requirement for proceedings under Section 391(2) of the Companies Act, 1956, was dispensed with, and the application was disposed of accordingly. en-us Wed, 08 Aug 2012 00:00:00 +0530 Sat, 27 Jan 2018 13:20:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198289 The Judge granted the Transferee Company's application for dispensation of meetings of Secured and Unsecured Creditors under Section 391(2) of the Companies Act, 1956, for the proposed amalgamation with its wholly owned subsidiary Company. The Court held that separate proceedings for amalgamation of a wholly owned subsidiary Company were not necessary for the Holding Company. Consequently, the requirement for proceedings under Section 391(2) of the Companies Act, 1956, was dispensed with, and the application was disposed of accordingly. Case-Laws Companies Law Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198289