https://www.taxtmi.com/caselaws?id=398588 The Tribunal sanctioned a Scheme of Merger by Absorption under Sections 230 to 232 of the Companies Act, 2013, involving the merger of two Transferor Companies with a Transferee Company under the common control of the Paranjape Group, Pune. Compliance with accounting standards and necessary approvals was ensured, addressing concerns raised by the Regional Director. The judgment highlighted the business rationale and benefits of the merger, confirming the absence of discrepancies and affirming that the Scheme was fair, reasonable, and in compliance with legal provisions. The Tribunal approved the Scheme, setting the Appointed date as 1st April, 2017, and issuing directions for filing and compliance. en-us Thu, 30 Jan 2020 00:00:00 +0530 Sat, 19 Sep 2020 19:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398588 The Tribunal sanctioned a Scheme of Merger by Absorption under Sections 230 to 232 of the Companies Act, 2013, involving the merger of two Transferor Companies with a Transferee Company under the common control of the Paranjape Group, Pune. Compliance with accounting standards and necessary approvals was ensured, addressing concerns raised by the Regional Director. The judgment highlighted the business rationale and benefits of the merger, confirming the absence of discrepancies and affirming that the Scheme was fair, reasonable, and in compliance with legal provisions. The Tribunal approved the Scheme, setting the Appointed date as 1st April, 2017, and issuing directions for filing and compliance. Case-Laws Companies Law Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398588