https://www.taxtmi.com/caselaws?id=399421 The Tribunal granted sanction to the Scheme of Arrangement through Demerger under Sections 230 to 232 of the Companies Act, 2013. The approval was based on compliance with procedural requirements, affirmation of no objections from relevant authorities, protection of Revenue interests, absence of pending proceedings, confirmation of Accounting Treatment conformity, fairness of the Scheme, and statutory provisions allowing for such applications. The Petitioner Companies were reminded to adhere to statutory requirements to avoid consequences for deficiencies or violations, with a clarification that the Scheme was not exempt from stamp duty, taxes, or other charges. en-us Wed, 19 Feb 2020 00:00:00 +0530 Sat, 10 Oct 2020 12:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399421 The Tribunal granted sanction to the Scheme of Arrangement through Demerger under Sections 230 to 232 of the Companies Act, 2013. The approval was based on compliance with procedural requirements, affirmation of no objections from relevant authorities, protection of Revenue interests, absence of pending proceedings, confirmation of Accounting Treatment conformity, fairness of the Scheme, and statutory provisions allowing for such applications. The Petitioner Companies were reminded to adhere to statutory requirements to avoid consequences for deficiencies or violations, with a clarification that the Scheme was not exempt from stamp duty, taxes, or other charges. Case-Laws Companies Law Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399421