https://www.taxtmi.com/caselaws?id=279889 The court approved the Scheme of Merger (by absorption) involving ZEUS MULTITRADE PRIVATE LIMITED, HEXA PROPERTIES PRIVATE LIMITED as Transferor Companies, and AGILITY MULTITRADE PRIVATE LIMITED as the Transferee Company. The merger was aimed at simplifying corporate structure, consolidating operations, reducing administrative costs, unifying control of operations, and achieving economies of scale. The Board of Directors of the companies approved the merger scheme, and procedures were followed to notify shareholders, regulatory authorities, creditors, and other stakeholders in compliance with the Companies Act, 2013. Chartered Accountants were appointed to assist the Official Liquidator in scrutinizing the companies' books of accounts, with the Transferee Company bearing the fees for this service. en-us Fri, 11 May 2018 00:00:00 +0530 Tue, 18 Apr 2023 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279889 The court approved the Scheme of Merger (by absorption) involving ZEUS MULTITRADE PRIVATE LIMITED, HEXA PROPERTIES PRIVATE LIMITED as Transferor Companies, and AGILITY MULTITRADE PRIVATE LIMITED as the Transferee Company. The merger was aimed at simplifying corporate structure, consolidating operations, reducing administrative costs, unifying control of operations, and achieving economies of scale. The Board of Directors of the companies approved the merger scheme, and procedures were followed to notify shareholders, regulatory authorities, creditors, and other stakeholders in compliance with the Companies Act, 2013. Chartered Accountants were appointed to assist the Official Liquidator in scrutinizing the companies' books of accounts, with the Transferee Company bearing the fees for this service. Case-Laws Companies Law Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279889