https://www.taxtmi.com/caselaws?id=291602 The National Company Law Tribunal, Chennai Bench, sanctioned a Scheme of Arrangement (Demerger) between two companies under Sections 230 to 232 of the Companies Act, 2013. The Scheme aimed to merge a company engaged in manufacturing activities with another focused on machinery and equipment manufacturing. The Tribunal found the Scheme fair, reasonable, compliant with legal provisions, and not against public policy. It made the Scheme binding on all stakeholders effective from the Appointed Date, emphasizing compliance with stamp duty, taxes, and other charges. The Petitioner Companies were directed to file a certified copy of the Order with the Registrar of Companies for implementation. en-us Fri, 29 Mar 2019 00:00:00 +0530 Wed, 18 Nov 2020 19:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291602 The National Company Law Tribunal, Chennai Bench, sanctioned a Scheme of Arrangement (Demerger) between two companies under Sections 230 to 232 of the Companies Act, 2013. The Scheme aimed to merge a company engaged in manufacturing activities with another focused on machinery and equipment manufacturing. The Tribunal found the Scheme fair, reasonable, compliant with legal provisions, and not against public policy. It made the Scheme binding on all stakeholders effective from the Appointed Date, emphasizing compliance with stamp duty, taxes, and other charges. The Petitioner Companies were directed to file a certified copy of the Order with the Registrar of Companies for implementation. Case-Laws Companies Law Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291602