https://www.taxtmi.com/caselaws?id=401664 Meetings of equity shareholders, preference shareholders and creditors in a proposed amalgamation may be dispensed with where the transferor is a wholly owned subsidiary, no new shares are issued, the relevant stakeholders have given consent, and no prejudice to creditors is shown. Statutory notice and regulatory scrutiny under Section 230(5) of the Companies Act, 2013 and the amalgamation rules remain mandatory, so notice must be served on the Central Government, Registrar of Companies, tax authorities, Official Liquidator, stock exchanges, SEBI and other concerned regulators. Publication, compliance affidavits and scrutiny assistance by a chartered accountant may also be directed. en-us Mon, 07 Dec 2020 00:00:00 +0530 Mon, 14 Dec 2020 09:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401664 Meetings of equity shareholders, preference shareholders and creditors in a proposed amalgamation may be dispensed with where the transferor is a wholly owned subsidiary, no new shares are issued, the relevant stakeholders have given consent, and no prejudice to creditors is shown. Statutory notice and regulatory scrutiny under Section 230(5) of the Companies Act, 2013 and the amalgamation rules remain mandatory, so notice must be served on the Central Government, Registrar of Companies, tax authorities, Official Liquidator, stock exchanges, SEBI and other concerned regulators. Publication, compliance affidavits and scrutiny assistance by a chartered accountant may also be directed. Case-Laws Companies Law Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401664