https://www.taxtmi.com/caselaws?id=283753 The High Court of Madras approved a scheme of arrangement and compromise under sections 391 to 393 of the Companies Act, 1956, between a petitioner company and its shareholders. The Court found the scheme fair, just, and compliant with statutory provisions, without prejudice to any party's interests. With no objections and in the absence of conflicting proceedings, the Court sanctioned the scheme for implementation upon filing with the Registrar of Companies, Chennai. The judgment stressed adherence to procedural requirements, directing the company to fulfill stamp duty, taxes, permissions, and legal obligations. en-us Mon, 18 Apr 2016 00:00:00 +0530 Thu, 10 Oct 2019 11:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283753 The High Court of Madras approved a scheme of arrangement and compromise under sections 391 to 393 of the Companies Act, 1956, between a petitioner company and its shareholders. The Court found the scheme fair, just, and compliant with statutory provisions, without prejudice to any party's interests. With no objections and in the absence of conflicting proceedings, the Court sanctioned the scheme for implementation upon filing with the Registrar of Companies, Chennai. The judgment stressed adherence to procedural requirements, directing the company to fulfill stamp duty, taxes, permissions, and legal obligations. Case-Laws Companies Law Mon, 18 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283753