https://www.taxtmi.com/caselaws?id=273396 A scheme application under Sections 230 to 232 of the Companies Act, 2013 considered whether meetings of equity shareholders and certain creditors could be dispensed with on the basis of written consents already on record. On the facts, consent from all equity shareholders and the absence of objection or creditors in respect of the transferor companies justified dispensation of those meetings. For the transferee company, meetings of secured and unsecured creditors were still required, so detailed procedural directions were issued on notice, quorum, proxy voting, publication, appointment of meeting officials, reporting, and service on statutory authorities. The application was allowed, with dispensation granted where consent existed and remaining meetings directed to be convened. en-us Thu, 01 Jun 2017 00:00:00 +0530 Fri, 22 Jun 2018 21:46:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273396 A scheme application under Sections 230 to 232 of the Companies Act, 2013 considered whether meetings of equity shareholders and certain creditors could be dispensed with on the basis of written consents already on record. On the facts, consent from all equity shareholders and the absence of objection or creditors in respect of the transferor companies justified dispensation of those meetings. For the transferee company, meetings of secured and unsecured creditors were still required, so detailed procedural directions were issued on notice, quorum, proxy voting, publication, appointment of meeting officials, reporting, and service on statutory authorities. The application was allowed, with dispensation granted where consent existed and remaining meetings directed to be convened. Case-Laws Companies Law Thu, 01 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273396