https://www.taxtmi.com/caselaws?id=292134 The Tribunal approved the Scheme of Amalgamation between South India Energy Consultants Private Limited and Velcan Renewable Energy Private Limited. The scheme was deemed fair and reasonable, with conditions including no exemption from duties, transfer of assets and liabilities, compliance with tax implications, and adherence to FEMA/RBI regulations. The appointed date for the scheme was set as 1st April 2019, with requirements for document handover and compliance affidavits. The Tribunal allowed amendments to the scheme but noted that prior violations could still be subject to action. en-us Wed, 25 Sep 2019 00:00:00 +0530 Tue, 08 Dec 2020 10:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292134 The Tribunal approved the Scheme of Amalgamation between South India Energy Consultants Private Limited and Velcan Renewable Energy Private Limited. The scheme was deemed fair and reasonable, with conditions including no exemption from duties, transfer of assets and liabilities, compliance with tax implications, and adherence to FEMA/RBI regulations. The appointed date for the scheme was set as 1st April 2019, with requirements for document handover and compliance affidavits. The Tribunal allowed amendments to the scheme but noted that prior violations could still be subject to action. Case-Laws Companies Law Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292134