https://www.taxtmi.com/caselaws?id=398584 A composite scheme of amalgamation and arrangement involving demerger of specified undertakings and merger of the transferor company into the transferee company was sanctioned because the statutory requirements under the Companies Act, 2013 were complied with. The Tribunal noted that objections from the Regional Director were answered through affidavits and undertakings covering accounting standards, appointed date requirements, notice to authorities, stock exchange no-objection, and income-tax compliance. In the absence of opposition from shareholders or creditors, and with no material impediment reported by the Official Liquidator or Regional Director, the scheme was found fair, reasonable, and not contrary to law or public policy, and was approved. en-us Fri, 17 Jan 2020 00:00:00 +0530 Sat, 19 Sep 2020 17:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398584 A composite scheme of amalgamation and arrangement involving demerger of specified undertakings and merger of the transferor company into the transferee company was sanctioned because the statutory requirements under the Companies Act, 2013 were complied with. The Tribunal noted that objections from the Regional Director were answered through affidavits and undertakings covering accounting standards, appointed date requirements, notice to authorities, stock exchange no-objection, and income-tax compliance. In the absence of opposition from shareholders or creditors, and with no material impediment reported by the Official Liquidator or Regional Director, the scheme was found fair, reasonable, and not contrary to law or public policy, and was approved. Case-Laws Companies Law Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398584