https://www.taxtmi.com/caselaws?id=290438 The case involves a scheme of amalgamation where six companies are merging into New India Exports Private Limited under Sections 230 to 232 of the Companies Act, 2013. The rationale for the amalgamation includes consolidating business, achieving synergies, and improving financial efficiency. The Board of Directors approved the scheme, and all equity and preference shareholders provided written consent. The scheme involves issuing shares by the transferee company and notifying various authorities. Compliance steps include notifying creditors and regulatory bodies, with a requirement to file an affidavit of service confirming compliance with notification procedures. en-us Thu, 20 Feb 2020 00:00:00 +0530 Fri, 25 Sep 2020 20:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290438 The case involves a scheme of amalgamation where six companies are merging into New India Exports Private Limited under Sections 230 to 232 of the Companies Act, 2013. The rationale for the amalgamation includes consolidating business, achieving synergies, and improving financial efficiency. The Board of Directors approved the scheme, and all equity and preference shareholders provided written consent. The scheme involves issuing shares by the transferee company and notifying various authorities. Compliance steps include notifying creditors and regulatory bodies, with a requirement to file an affidavit of service confirming compliance with notification procedures. Case-Laws Companies Law Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290438