https://www.taxtmi.com/caselaws?id=287863 The Court approved the scheme of arrangement under Sections 391, 392, and 394 of the Companies Act, 1956, for demerger and merger. Despite objections raised by the Regional Director regarding meeting procedures, appointed date contradiction, and merger of authorized share capital, the Court found that all stakeholders were duly notified, and approvals were obtained from relevant parties. The Court clarified the appointed date's purpose, rejected objections on share capital merger, and emphasized compliance with legal provisions. No public or regulatory objections were raised, and the scheme was approved with a reminder of stamp duty and fee liabilities for the transferor company. en-us Mon, 01 Nov 2010 00:00:00 +0530 Wed, 06 May 2020 10:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287863 The Court approved the scheme of arrangement under Sections 391, 392, and 394 of the Companies Act, 1956, for demerger and merger. Despite objections raised by the Regional Director regarding meeting procedures, appointed date contradiction, and merger of authorized share capital, the Court found that all stakeholders were duly notified, and approvals were obtained from relevant parties. The Court clarified the appointed date's purpose, rejected objections on share capital merger, and emphasized compliance with legal provisions. No public or regulatory objections were raised, and the scheme was approved with a reminder of stamp duty and fee liabilities for the transferor company. Case-Laws Income Tax Mon, 01 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287863