https://www.taxtmi.com/caselaws?id=397895 The Tribunal sanctioned the scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving multiple Shriram Chits companies for consolidation and operational efficiency. The objections raised by the Regional Director were addressed, including compliance with statutory requirements and accounting standards. The Tribunal noted the petitioner's efforts to rectify issues and approved the scheme as fair and reasonable. The appointed date for the scheme was set as April 1, 2017, with directions for compliance with procedural formalities and filings with regulatory authorities. The dissolution of the transferor company without winding up was contingent on final approval by the National Company Law Tribunal. en-us Tue, 26 May 2020 00:00:00 +0530 Tue, 01 Sep 2020 11:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397895 The Tribunal sanctioned the scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving multiple Shriram Chits companies for consolidation and operational efficiency. The objections raised by the Regional Director were addressed, including compliance with statutory requirements and accounting standards. The Tribunal noted the petitioner's efforts to rectify issues and approved the scheme as fair and reasonable. The appointed date for the scheme was set as April 1, 2017, with directions for compliance with procedural formalities and filings with regulatory authorities. The dissolution of the transferor company without winding up was contingent on final approval by the National Company Law Tribunal. Case-Laws Companies Law Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397895