https://www.taxtmi.com/caselaws?id=399728 The Tribunal approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving the merger of six Transferor Companies with the Transferee Company. Compliance with statutory requirements and procedural aspects was confirmed, and reports from the Regional Director and Official Liquidator were positive. The Scheme's impact on employees and accounting adjustments was addressed, with provisions for employee continuity and accounting policy alignment. The effective date was set as 1st April 2019, leading to the dissolution of Transferor Companies. The Tribunal's order sanctioned the Scheme, binding shareholders, creditors, and employees, with instructions for further filings and consolidation of records. en-us Wed, 03 Jun 2020 00:00:00 +0530 Sat, 17 Oct 2020 13:14:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399728 The Tribunal approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving the merger of six Transferor Companies with the Transferee Company. Compliance with statutory requirements and procedural aspects was confirmed, and reports from the Regional Director and Official Liquidator were positive. The Scheme's impact on employees and accounting adjustments was addressed, with provisions for employee continuity and accounting policy alignment. The effective date was set as 1st April 2019, leading to the dissolution of Transferor Companies. The Tribunal's order sanctioned the Scheme, binding shareholders, creditors, and employees, with instructions for further filings and consolidation of records. Case-Laws Companies Law Wed, 03 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399728