https://www.taxtmi.com/caselaws?id=290296 The Tribunal approved the Scheme of Merger (by absorption) between the wholly owned subsidiary and its holding company under Sections 230 to 232 of the Companies Act, 2013. Meetings of Equity Shareholders, Sole Preference Shareholder, Secured Creditors, and Unsecured Creditors were dispensed with, and compliance with the Companies Act, 2013 and Rules for Compromises, Arrangements, and Amalgamations was emphasized. The judgment ensured the rights of members and creditors were unaffected, and directed the necessary steps for serving notices to the Official Liquidator and regulatory authorities, maintaining transparency and legal compliance throughout the merger process. en-us Mon, 30 Sep 2019 00:00:00 +0530 Fri, 18 Sep 2020 10:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290296 The Tribunal approved the Scheme of Merger (by absorption) between the wholly owned subsidiary and its holding company under Sections 230 to 232 of the Companies Act, 2013. Meetings of Equity Shareholders, Sole Preference Shareholder, Secured Creditors, and Unsecured Creditors were dispensed with, and compliance with the Companies Act, 2013 and Rules for Compromises, Arrangements, and Amalgamations was emphasized. The judgment ensured the rights of members and creditors were unaffected, and directed the necessary steps for serving notices to the Official Liquidator and regulatory authorities, maintaining transparency and legal compliance throughout the merger process. Case-Laws Companies Law Mon, 30 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290296