https://www.taxtmi.com/caselaws?id=277832 The court approved the scheme of amalgamation under section 230 of the Companies Act, 2013, involving three companies. The proposed merger of the first and second transferor companies into the transferee company was found to be fair, reasonable, and compliant with statutory requirements. The scheme aimed at business continuance, cost reduction, and operational efficiencies, with no pending investigations against the companies. The Regional Director and official liquidator supported the scheme, confirming compliance with accounting principles and absence of director misfeasance. The court directed the companies to file the order with the Registrar of Companies for dissolution of transferor companies upon scheme approval. en-us Thu, 30 Nov 2017 00:00:00 +0530 Wed, 26 Dec 2018 00:40:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277832 The court approved the scheme of amalgamation under section 230 of the Companies Act, 2013, involving three companies. The proposed merger of the first and second transferor companies into the transferee company was found to be fair, reasonable, and compliant with statutory requirements. The scheme aimed at business continuance, cost reduction, and operational efficiencies, with no pending investigations against the companies. The Regional Director and official liquidator supported the scheme, confirming compliance with accounting principles and absence of director misfeasance. The court directed the companies to file the order with the Registrar of Companies for dissolution of transferor companies upon scheme approval. Case-Laws Companies Law Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277832