https://www.taxtmi.com/caselaws?id=385765 The judgment approved the Scheme of Merger by absorption of a subsidiary company with its holding company under Sections 230 to 232 of the Companies Act, 2013. It emphasized the necessity and benefits of the merger, allowed dispensation of the meeting of Equity Shareholders based on written consent affidavits, ensured compliance with legal procedures, and addressed the impact on shareholders and creditors. The court directed the companies to serve notices to regulatory authorities for proper communication and compliance. The judgment aimed to safeguard the interests of stakeholders and facilitate a smooth merger process. en-us Thu, 22 Aug 2019 00:00:00 +0530 Fri, 13 Sep 2019 05:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385765 The judgment approved the Scheme of Merger by absorption of a subsidiary company with its holding company under Sections 230 to 232 of the Companies Act, 2013. It emphasized the necessity and benefits of the merger, allowed dispensation of the meeting of Equity Shareholders based on written consent affidavits, ensured compliance with legal procedures, and addressed the impact on shareholders and creditors. The court directed the companies to serve notices to regulatory authorities for proper communication and compliance. The judgment aimed to safeguard the interests of stakeholders and facilitate a smooth merger process. Case-Laws Companies Law Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385765