https://www.taxtmi.com/caselaws?id=291490 The court made both Company Petitions absolute, approving the scheme of amalgamation between the two companies despite potential violations of Sections 295 and 297 of the Companies Act. Shareholders unanimously approved the scheme, and concerns over the validity of resolutions by the board of directors were addressed. The court directed the lodgment of the order and scheme for stamp duty adjudication, with costs allocated to the parties involved. The court emphasized that scheme approval does not absolve liability for violations and instructed relevant authorities to act upon the authenticated order copy. en-us Tue, 24 Mar 2009 00:00:00 +0530 Mon, 17 Apr 2023 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291490 The court made both Company Petitions absolute, approving the scheme of amalgamation between the two companies despite potential violations of Sections 295 and 297 of the Companies Act. Shareholders unanimously approved the scheme, and concerns over the validity of resolutions by the board of directors were addressed. The court directed the lodgment of the order and scheme for stamp duty adjudication, with costs allocated to the parties involved. The court emphasized that scheme approval does not absolve liability for violations and instructed relevant authorities to act upon the authenticated order copy. Case-Laws Companies Law Tue, 24 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291490