https://www.taxtmi.com/caselaws?id=291221 The Tribunal sanctioned the Scheme of Amalgamation between two companies under Sections 230 to 232 of the Companies Act, 2013, after the Petitioner Companies complied with all necessary directions and statutory requirements. The approval included the transfer of properties, liabilities, and duties to the Transferee Company, continuation of pending proceedings, and dissolution of the Transferor Company. The order emphasized that any deficiencies or violations would not be exempt from legal actions, and approval did not grant exemption from payment of stamp duty or taxes. The interests of stakeholders were safeguarded throughout the process. en-us Tue, 19 Nov 2019 00:00:00 +0530 Mon, 02 Nov 2020 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291221 The Tribunal sanctioned the Scheme of Amalgamation between two companies under Sections 230 to 232 of the Companies Act, 2013, after the Petitioner Companies complied with all necessary directions and statutory requirements. The approval included the transfer of properties, liabilities, and duties to the Transferee Company, continuation of pending proceedings, and dissolution of the Transferor Company. The order emphasized that any deficiencies or violations would not be exempt from legal actions, and approval did not grant exemption from payment of stamp duty or taxes. The interests of stakeholders were safeguarded throughout the process. Case-Laws Companies Law Tue, 19 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291221