https://www.taxtmi.com/caselaws?id=400927 The Scheme of Arrangement for demerger of the Demerger Undertaking was approved by the Board of Directors of the Transferor and Transferee Companies. The demerger aimed to focus on Core Business activities, enhance strategic flexibility, and maximize shareholder value. Shareholder consent was obtained through Affidavits, including approval from Secured and Unsecured Creditors. The Scheme did not impact creditors' rights, and chartered accountants were appointed to scrutinize the Applicant Company's accounts. The judgment ensured compliance with the Companies Act, 2013, and outlined the process for compliance reporting and responses from relevant authorities. en-us Thu, 12 Nov 2020 00:00:00 +0530 Mon, 23 Nov 2020 13:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400927 The Scheme of Arrangement for demerger of the Demerger Undertaking was approved by the Board of Directors of the Transferor and Transferee Companies. The demerger aimed to focus on Core Business activities, enhance strategic flexibility, and maximize shareholder value. Shareholder consent was obtained through Affidavits, including approval from Secured and Unsecured Creditors. The Scheme did not impact creditors' rights, and chartered accountants were appointed to scrutinize the Applicant Company's accounts. The judgment ensured compliance with the Companies Act, 2013, and outlined the process for compliance reporting and responses from relevant authorities. Case-Laws Companies Law Thu, 12 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400927