https://www.taxtmi.com/caselaws?id=398351 The Tribunal approved the Composite Scheme of Arrangement involving amalgamation and demerger of companies under the Companies Act, 2013. The Regional Director's compliance requirements were addressed, and observations by the Official Liquidator and Chartered Accountant were considered. Despite objections from the Income Tax Department regarding tax arrears, the Tribunal allowed the scheme, emphasizing compliance with statutory requirements and accounting standards. Final orders included transfers of assets, liabilities, and employees, as well as name changes and filing obligations. The Tribunal specified that the order did not exempt payment obligations or prevent action for non-compliance. en-us Fri, 10 Jan 2020 00:00:00 +0530 Mon, 14 Sep 2020 09:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398351 The Tribunal approved the Composite Scheme of Arrangement involving amalgamation and demerger of companies under the Companies Act, 2013. The Regional Director's compliance requirements were addressed, and observations by the Official Liquidator and Chartered Accountant were considered. Despite objections from the Income Tax Department regarding tax arrears, the Tribunal allowed the scheme, emphasizing compliance with statutory requirements and accounting standards. Final orders included transfers of assets, liabilities, and employees, as well as name changes and filing obligations. The Tribunal specified that the order did not exempt payment obligations or prevent action for non-compliance. Case-Laws Companies Law Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398351