https://www.taxtmi.com/caselaws?id=399145 The Tribunal approved the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, for the demerger of a company into another, despite objections raised by Mr. Gopal Krishan, which were deemed lacking in merit. The Tribunal directed the convening of meetings, compliance with statutory requirements, and an increase in the Authorized Share Capital of the Resulting Company. With no objections from the Income Tax Department, the Tribunal sanctioned the Scheme, emphasizing compliance with statutory obligations and warning against non-compliance with legal duties and charges. en-us Thu, 18 Jun 2020 00:00:00 +0530 Mon, 05 Oct 2020 07:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399145 The Tribunal approved the Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, for the demerger of a company into another, despite objections raised by Mr. Gopal Krishan, which were deemed lacking in merit. The Tribunal directed the convening of meetings, compliance with statutory requirements, and an increase in the Authorized Share Capital of the Resulting Company. With no objections from the Income Tax Department, the Tribunal sanctioned the Scheme, emphasizing compliance with statutory obligations and warning against non-compliance with legal duties and charges. Case-Laws Companies Law Thu, 18 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399145