https://www.taxtmi.com/caselaws?id=401574 The Tribunal approved the composite scheme of amalgamation between two companies under Sections 230-232 of the Companies Act, 2013, citing benefits such as operational synergies and financial efficiencies. The approval was subject to conditions including no exemption from duties, transfer of assets and liabilities, and continuity of legal proceedings. The transferee company was directed to preserve records and ensure statutory compliance, with costs to be borne for legal fees and expenses. The decision aimed to safeguard the interests of shareholders and creditors while addressing objections from regulatory bodies like the Income-tax Department. en-us Wed, 03 Jun 2020 00:00:00 +0530 Mon, 04 Jan 2021 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401574 The Tribunal approved the composite scheme of amalgamation between two companies under Sections 230-232 of the Companies Act, 2013, citing benefits such as operational synergies and financial efficiencies. The approval was subject to conditions including no exemption from duties, transfer of assets and liabilities, and continuity of legal proceedings. The transferee company was directed to preserve records and ensure statutory compliance, with costs to be borne for legal fees and expenses. The decision aimed to safeguard the interests of shareholders and creditors while addressing objections from regulatory bodies like the Income-tax Department. Case-Laws Companies Law Wed, 03 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401574