https://www.taxtmi.com/caselaws?id=288578 The Court approved and sanctioned the Scheme of Amalgamation filed by two companies, dispensing with the need for meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors. Compliance with FEMA and RBI guidelines was found satisfactory, and the use of reserves for dividends was permitted based on previous judgments. The Court deemed the Scheme genuine, bonafide, and in the interest of shareholders and creditors, granting the prayers in the Company Petitions. Fees were quantified, and concerned authorities were directed to act on the order within seven days. en-us Mon, 28 Sep 2015 00:00:00 +0530 Thu, 18 Jun 2020 09:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288578 The Court approved and sanctioned the Scheme of Amalgamation filed by two companies, dispensing with the need for meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors. Compliance with FEMA and RBI guidelines was found satisfactory, and the use of reserves for dividends was permitted based on previous judgments. The Court deemed the Scheme genuine, bonafide, and in the interest of shareholders and creditors, granting the prayers in the Company Petitions. Fees were quantified, and concerned authorities were directed to act on the order within seven days. Case-Laws Companies Law Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288578