https://www.taxtmi.com/caselaws?id=291329 The court granted approval for the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving the merger of SPI Cinemas Private Limited into PVR Limited. The Scheme was found compliant with regulatory requirements and in the interest of both companies and their stakeholders. The court sanctioned the Scheme, directing the dissolution of the Transferor Company, transfer of assets, liabilities, and employees to the Transferee Company without winding-up proceedings. Compliance with statutory obligations was emphasized, with no exemption from stamp duty, taxes, or charges, ensuring continuity of legal actions and employee rights post-amalgamation. en-us Fri, 23 Aug 2019 00:00:00 +0530 Fri, 06 Nov 2020 09:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291329 The court granted approval for the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving the merger of SPI Cinemas Private Limited into PVR Limited. The Scheme was found compliant with regulatory requirements and in the interest of both companies and their stakeholders. The court sanctioned the Scheme, directing the dissolution of the Transferor Company, transfer of assets, liabilities, and employees to the Transferee Company without winding-up proceedings. Compliance with statutory obligations was emphasized, with no exemption from stamp duty, taxes, or charges, ensuring continuity of legal actions and employee rights post-amalgamation. Case-Laws Companies Law Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291329