https://www.taxtmi.com/caselaws?id=283440 A Scheme of Amalgamation was sanctioned after the tribunal found that statutory notices had been duly served, no objector opposed the proposal, and the Official Liquidator reported proper conduct of the transferor companies' affairs with dissolution possible without winding up. The Regional Director's concerns on tax implications, the auditor's certificate and the chairman's report were addressed through undertakings and supporting filings, which were accepted. On the record, the Scheme was held to be fair, reasonable, legally compliant, and not prejudicial to shareholders, creditors or public interest, and the petitions were made absolute in terms of the prayers granted. en-us Tue, 06 Jun 2017 00:00:00 +0530 Mon, 23 Sep 2019 16:33:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283440 A Scheme of Amalgamation was sanctioned after the tribunal found that statutory notices had been duly served, no objector opposed the proposal, and the Official Liquidator reported proper conduct of the transferor companies' affairs with dissolution possible without winding up. The Regional Director's concerns on tax implications, the auditor's certificate and the chairman's report were addressed through undertakings and supporting filings, which were accepted. On the record, the Scheme was held to be fair, reasonable, legally compliant, and not prejudicial to shareholders, creditors or public interest, and the petitions were made absolute in terms of the prayers granted. Case-Laws Companies Law Tue, 06 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283440