https://www.taxtmi.com/caselaws?id=198634 The court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, between SANJOG TECHNOLOGIES PRIVATE LIMITED and PREET MACHINES LIMITED. The Share Exchange Ratio was determined, and concerns raised about Share Valuation were dismissed. Compliance with statutory requirements was confirmed, and objections were found meritless. The Transferor Company's properties, rights, and liabilities will transfer to the Transferee Company without winding up. The court ordered the Petitioner Companies to deposit Rs. 1.50 lacs with the Official Liquidator's Common Pool fund within three weeks. en-us Wed, 19 Oct 2011 00:00:00 +0530 Tue, 18 Apr 2023 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198634 The court granted sanction to the Scheme of Amalgamation under sections 391 and 394 of the Companies Act, 1956, between SANJOG TECHNOLOGIES PRIVATE LIMITED and PREET MACHINES LIMITED. The Share Exchange Ratio was determined, and concerns raised about Share Valuation were dismissed. Compliance with statutory requirements was confirmed, and objections were found meritless. The Transferor Company's properties, rights, and liabilities will transfer to the Transferee Company without winding up. The court ordered the Petitioner Companies to deposit Rs. 1.50 lacs with the Official Liquidator's Common Pool fund within three weeks. Case-Laws Companies Law Wed, 19 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198634