https://www.taxtmi.com/caselaws?id=398586 The Tribunal sanctioned the Scheme of Merger by Absorption between Lombards Private Limited (Transferor Company) and Alco Company Private Limited (Transferee Company), along with their shareholders, under Sections 230 to 232 of the Companies Act, 2013. The Scheme, based on operational synergies and efficiency, aimed at simplification and cost reduction post-merger. After addressing observations and recommendations, fulfilling statutory obligations, and receiving positive reports, the Tribunal deemed the Scheme fair, reasonable, and compliant. The Tribunal made the Joint Company Scheme Petition absolute, directing compliance with stamp duty adjudication and Registrar of Companies' records within specified timelines. en-us Fri, 24 Jan 2020 00:00:00 +0530 Sat, 19 Sep 2020 17:27:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398586 The Tribunal sanctioned the Scheme of Merger by Absorption between Lombards Private Limited (Transferor Company) and Alco Company Private Limited (Transferee Company), along with their shareholders, under Sections 230 to 232 of the Companies Act, 2013. The Scheme, based on operational synergies and efficiency, aimed at simplification and cost reduction post-merger. After addressing observations and recommendations, fulfilling statutory obligations, and receiving positive reports, the Tribunal deemed the Scheme fair, reasonable, and compliant. The Tribunal made the Joint Company Scheme Petition absolute, directing compliance with stamp duty adjudication and Registrar of Companies' records within specified timelines. Case-Laws Companies Law Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398586