https://www.taxtmi.com/caselaws?id=290280 The court approved a Scheme of Arrangement between two companies, Clover Technologies Private Limited (Demerged Company) and Clover Infotech Private Limited (Resulting Company), for the demerger of business activities. The scheme aims to benefit shareholders, enable independent growth strategies, and enhance flexibility in accessing capital. The board approved the scheme with an Appointed Date of 1st April, 2019. Consent affidavits from all Equity Shareholders were obtained, dispensing with Equity Shareholders' meetings. Specific directions were given for serving notices to relevant authorities, with instructions to file an affidavit of service to prove compliance. en-us Thu, 20 Feb 2020 00:00:00 +0530 Thu, 17 Sep 2020 10:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290280 The court approved a Scheme of Arrangement between two companies, Clover Technologies Private Limited (Demerged Company) and Clover Infotech Private Limited (Resulting Company), for the demerger of business activities. The scheme aims to benefit shareholders, enable independent growth strategies, and enhance flexibility in accessing capital. The board approved the scheme with an Appointed Date of 1st April, 2019. Consent affidavits from all Equity Shareholders were obtained, dispensing with Equity Shareholders' meetings. Specific directions were given for serving notices to relevant authorities, with instructions to file an affidavit of service to prove compliance. Case-Laws Companies Law Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290280