https://www.taxtmi.com/caselaws?id=290325 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving three companies for a merger. The Board of Directors approved the proposed Scheme, aiming to achieve benefits such as synergies, financial strength, cost savings, and diversification. Compliance with statutory requirements and addressing observations from the Regional Director were crucial for approval. The Scheme involved issuing fully paid-up Equity Shares to shareholders, dissolving Transferor Companies without winding-up, and outlining procedural steps for implementation. The Tribunal granted liberty to seek further directions and clarifications, ultimately sanctioning the Scheme with an appointed date of 1st April, 2019. en-us Thu, 24 Jan 2019 00:00:00 +0530 Sat, 19 Sep 2020 16:42:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290325 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving three companies for a merger. The Board of Directors approved the proposed Scheme, aiming to achieve benefits such as synergies, financial strength, cost savings, and diversification. Compliance with statutory requirements and addressing observations from the Regional Director were crucial for approval. The Scheme involved issuing fully paid-up Equity Shares to shareholders, dissolving Transferor Companies without winding-up, and outlining procedural steps for implementation. The Tribunal granted liberty to seek further directions and clarifications, ultimately sanctioning the Scheme with an appointed date of 1st April, 2019. Case-Laws Companies Law Thu, 24 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290325