https://www.taxtmi.com/caselaws?id=399043 The Tribunal approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, after addressing concerns raised by the Income Tax Department and ensuring compliance with statutory requirements. The Transferor Companies were dissolved without winding-up, transferring assets to the Transferee Company, with instructions for employee transitions and order registration within thirty days. The decision emphasized fairness, legality, and adherence to shareholder decisions, with parties allowed to seek further directions if needed. en-us Mon, 08 Jun 2020 00:00:00 +0530 Thu, 01 Oct 2020 12:03:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399043 The Tribunal approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, after addressing concerns raised by the Income Tax Department and ensuring compliance with statutory requirements. The Transferor Companies were dissolved without winding-up, transferring assets to the Transferee Company, with instructions for employee transitions and order registration within thirty days. The decision emphasized fairness, legality, and adherence to shareholder decisions, with parties allowed to seek further directions if needed. Case-Laws Companies Law Mon, 08 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399043