https://www.taxtmi.com/caselaws?id=290299 The judgment pertains to a Scheme of Amalgamation between a subsidiary and its holding company under Sections 230 to 232 of the Companies Act, 2013. The court dispensed with the Equity Shareholders' meeting due to consent affidavits, and as there were no Secured Creditors in the Transferor Company, simplifying the process. The Scheme does not adversely affect members or creditors' rights, complies with legal provisions, and does not involve reconstruction or arrangement with shareholders or creditors. The court directed the appointment of an Official Liquidator and service of notices to various Regulatory Authorities, ensuring compliance and stakeholder interests. en-us Fri, 07 Feb 2020 00:00:00 +0530 Fri, 18 Sep 2020 10:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290299 The judgment pertains to a Scheme of Amalgamation between a subsidiary and its holding company under Sections 230 to 232 of the Companies Act, 2013. The court dispensed with the Equity Shareholders' meeting due to consent affidavits, and as there were no Secured Creditors in the Transferor Company, simplifying the process. The Scheme does not adversely affect members or creditors' rights, complies with legal provisions, and does not involve reconstruction or arrangement with shareholders or creditors. The court directed the appointment of an Official Liquidator and service of notices to various Regulatory Authorities, ensuring compliance and stakeholder interests. Case-Laws Companies Law Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290299