https://www.taxtmi.com/caselaws?id=395007 A scheme of amalgamation was sanctioned under the Companies Act, 2013 because the application was backed by the necessary corporate approvals, statutory notices were served, and no objection was raised by the Regional Director or the Official Liquidator. Compliance with sections 230 and 232 was found complete, and no prejudice to shareholders, creditors, or public interest was shown. In the absence of any subsisting objection and on satisfaction of the requisite procedural and substantive requirements, the scheme was approved and made binding on the transferor company, the transferee company, their shareholders, and all concerned. en-us Tue, 05 Nov 2019 00:00:00 +0530 Sat, 02 May 2020 08:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395007 A scheme of amalgamation was sanctioned under the Companies Act, 2013 because the application was backed by the necessary corporate approvals, statutory notices were served, and no objection was raised by the Regional Director or the Official Liquidator. Compliance with sections 230 and 232 was found complete, and no prejudice to shareholders, creditors, or public interest was shown. In the absence of any subsisting objection and on satisfaction of the requisite procedural and substantive requirements, the scheme was approved and made binding on the transferor company, the transferee company, their shareholders, and all concerned. Case-Laws Companies Law Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395007