https://www.taxtmi.com/caselaws?id=398260 The proposed scheme of amalgamation by merger by absorption under the Companies Act, 2013 was sanctioned after the Tribunal found that the requisite corporate approvals had been obtained and no objections were pressed. The Regional Director's concerns were addressed through undertakings covering compliance with accounting standards, disclosure of the appointed date, service of notices to affected authorities, statutory requirements on share capital and name change, and filing with the RBI where necessary. Relying also on the Official Liquidator's report that the transferor company's affairs had been properly conducted, the Tribunal found the scheme fair, reasonable, lawful, and not contrary to public policy or public interest. The appointed date was accepted as 1 April 2019 and the transferor company was ordered dissolved without winding up. en-us Thu, 13 Aug 2020 00:00:00 +0530 Thu, 10 Sep 2020 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398260 The proposed scheme of amalgamation by merger by absorption under the Companies Act, 2013 was sanctioned after the Tribunal found that the requisite corporate approvals had been obtained and no objections were pressed. The Regional Director's concerns were addressed through undertakings covering compliance with accounting standards, disclosure of the appointed date, service of notices to affected authorities, statutory requirements on share capital and name change, and filing with the RBI where necessary. Relying also on the Official Liquidator's report that the transferor company's affairs had been properly conducted, the Tribunal found the scheme fair, reasonable, lawful, and not contrary to public policy or public interest. The appointed date was accepted as 1 April 2019 and the transferor company was ordered dissolved without winding up. Case-Laws Companies Law Thu, 13 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398260