https://www.taxtmi.com/caselaws?id=198681 The Gujarat High Court approved a company application for a composite scheme of arrangement involving the demerger and transfer of a hotel business from one company to another. The resulting company, Atithya Inn Private Limited, was established to focus on the hotel business separately from Gallops Realty Private Limited. Both equity shareholders consented to the scheme, eliminating the requirement for a shareholder meeting under Section 391(2) of the Companies Act, 1956. The court, satisfied with the compliance and consents, disposed of the application. en-us Thu, 26 Feb 2009 00:00:00 +0530 Wed, 07 Feb 2018 13:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198681 The Gujarat High Court approved a company application for a composite scheme of arrangement involving the demerger and transfer of a hotel business from one company to another. The resulting company, Atithya Inn Private Limited, was established to focus on the hotel business separately from Gallops Realty Private Limited. Both equity shareholders consented to the scheme, eliminating the requirement for a shareholder meeting under Section 391(2) of the Companies Act, 1956. The court, satisfied with the compliance and consents, disposed of the application. Case-Laws Companies Law Thu, 26 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198681