https://www.taxtmi.com/caselaws?id=396890 The National Company Law Tribunal, New Delhi-IV Bench, approved the scheme of amalgamation involving nine transferor companies and one transferee company. The tribunal dispensed with the requirement of convening meetings of shareholders and creditors for all companies based on consent affidavits submitted, as there was unanimous shareholder consent and no secured creditors. The share exchange ratio was determined based on a valuation report and approved by the boards of the companies. Compliance with statutory requirements and notices to regulatory authorities was mandated for the scheme to proceed. en-us Mon, 03 Feb 2020 00:00:00 +0530 Thu, 23 Jul 2020 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396890 The National Company Law Tribunal, New Delhi-IV Bench, approved the scheme of amalgamation involving nine transferor companies and one transferee company. The tribunal dispensed with the requirement of convening meetings of shareholders and creditors for all companies based on consent affidavits submitted, as there was unanimous shareholder consent and no secured creditors. The share exchange ratio was determined based on a valuation report and approved by the boards of the companies. Compliance with statutory requirements and notices to regulatory authorities was mandated for the scheme to proceed. Case-Laws Companies Law Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396890