https://www.taxtmi.com/caselaws?id=291226 The Tribunal sanctioned the Composite Scheme of Arrangement filed by two companies, involving demerger and amalgamation steps, under Sections 230 to 232 of the Companies Act, 2013. The scheme included provisions for employee protection, compliance with statutory requirements, accounting standards, and tax liabilities. The Tribunal approved the scheme subject to conditions such as property transfer, continuation of legal proceedings, employee transfers, and necessary filings. The order emphasized no exemption from stamp duty or taxes and allowed the petitions on specified terms. en-us Fri, 20 Dec 2019 00:00:00 +0530 Mon, 02 Nov 2020 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291226 The Tribunal sanctioned the Composite Scheme of Arrangement filed by two companies, involving demerger and amalgamation steps, under Sections 230 to 232 of the Companies Act, 2013. The scheme included provisions for employee protection, compliance with statutory requirements, accounting standards, and tax liabilities. The Tribunal approved the scheme subject to conditions such as property transfer, continuation of legal proceedings, employee transfers, and necessary filings. The order emphasized no exemption from stamp duty or taxes and allowed the petitions on specified terms. Case-Laws Companies Law Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291226