https://www.taxtmi.com/caselaws?id=402158 A scheme of amalgamation may be sanctioned where the procedural requirements under Sections 230 to 232 of the Companies Act, 2013 are complied with and the arrangement is found fair, reasonable, and not contrary to public policy or the interests of members, creditors, or the public. Here, the Tribunal noted board approval, dispensation of shareholder and creditor meetings, service of notices on statutory authorities, consideration of their responses, and compliance with the applicable accounting standards. On that basis, the scheme was sanctioned, with consequential directions for transfer of assets and liabilities, continuation of pending proceedings, statutory compliances, and preservation of rights under other laws. en-us Mon, 07 Sep 2020 00:00:00 +0530 Fri, 25 Dec 2020 16:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402158 A scheme of amalgamation may be sanctioned where the procedural requirements under Sections 230 to 232 of the Companies Act, 2013 are complied with and the arrangement is found fair, reasonable, and not contrary to public policy or the interests of members, creditors, or the public. Here, the Tribunal noted board approval, dispensation of shareholder and creditor meetings, service of notices on statutory authorities, consideration of their responses, and compliance with the applicable accounting standards. On that basis, the scheme was sanctioned, with consequential directions for transfer of assets and liabilities, continuation of pending proceedings, statutory compliances, and preservation of rights under other laws. Case-Laws Law of Competition Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402158