https://www.taxtmi.com/caselaws?id=290894 The Tribunal sanctioned the Scheme of Amalgamation between the Transferor Company and the Transferee Company under Sections 230 to 232 of the Companies Act, 2013. Despite observations raised by the Regional Director and the Official Liquidator, the Petitioner Companies assured compliance, leading to the approval of the scheme. The Tribunal emphasized the need for statutory compliances and clarified that the sanction does not exempt the companies from payment obligations. Specific orders were issued for the transfer of assets, liabilities, employee transition, and filing requirements, concluding the approval process for the Scheme of Amalgamation. en-us Mon, 20 Jan 2020 00:00:00 +0530 Wed, 21 Oct 2020 09:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290894 The Tribunal sanctioned the Scheme of Amalgamation between the Transferor Company and the Transferee Company under Sections 230 to 232 of the Companies Act, 2013. Despite observations raised by the Regional Director and the Official Liquidator, the Petitioner Companies assured compliance, leading to the approval of the scheme. The Tribunal emphasized the need for statutory compliances and clarified that the sanction does not exempt the companies from payment obligations. Specific orders were issued for the transfer of assets, liabilities, employee transition, and filing requirements, concluding the approval process for the Scheme of Amalgamation. Case-Laws Companies Law Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290894