https://www.taxtmi.com/caselaws?id=398439 A proposed composite scheme of merger and amalgamation under sections 230 to 232 of the Companies Act, 2013 was considered by the NCLT Ahmedabad Bench. The companies established jurisdiction, board approval, absence of winding-up proceedings, no pending investigation or inquiry, and accounting treatment aligned with section 133. On the material placed, meetings of the secured creditors of the transferor companies were dispensed with because those companies had no secured creditors, while meetings of the shareholders, unsecured creditors and the transferee company's secured creditor were directed to be convened. Procedural directions were also issued under the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 for notice and consideration of the scheme. en-us Thu, 20 Aug 2020 00:00:00 +0530 Wed, 16 Sep 2020 11:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398439 A proposed composite scheme of merger and amalgamation under sections 230 to 232 of the Companies Act, 2013 was considered by the NCLT Ahmedabad Bench. The companies established jurisdiction, board approval, absence of winding-up proceedings, no pending investigation or inquiry, and accounting treatment aligned with section 133. On the material placed, meetings of the secured creditors of the transferor companies were dispensed with because those companies had no secured creditors, while meetings of the shareholders, unsecured creditors and the transferee company's secured creditor were directed to be convened. Procedural directions were also issued under the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 for notice and consideration of the scheme. Case-Laws Law of Competition Thu, 20 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398439