https://www.taxtmi.com/caselaws?id=399723 A composite scheme of amalgamation and arrangement under the Companies Act, 2013 was sanctioned after the Tribunal found compliance with Sections 230 to 232, no material objection from the Regional Director or Registrar of Companies, and a scheme that was fair, reasonable, and not contrary to public policy. The Tribunal noted that the amalgamation would consolidate operations, improve efficiency, reduce overheads, and serve the interests of creditors and the transferee company. The default in appointing a whole-time company secretary was also compounded because it was limited in duration, non-deliberate, cured, and caused no prejudice to public interest, with a token monetary levy treated as sufficient. en-us Thu, 21 May 2020 00:00:00 +0530 Sat, 17 Oct 2020 13:13:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399723 A composite scheme of amalgamation and arrangement under the Companies Act, 2013 was sanctioned after the Tribunal found compliance with Sections 230 to 232, no material objection from the Regional Director or Registrar of Companies, and a scheme that was fair, reasonable, and not contrary to public policy. The Tribunal noted that the amalgamation would consolidate operations, improve efficiency, reduce overheads, and serve the interests of creditors and the transferee company. The default in appointing a whole-time company secretary was also compounded because it was limited in duration, non-deliberate, cured, and caused no prejudice to public interest, with a token monetary levy treated as sufficient. Case-Laws Companies Law Thu, 21 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399723