https://www.taxtmi.com/caselaws?id=402554 The Tribunal sanctioned the Scheme of Amalgamation as fair and reasonable, not prejudicial to members or creditors. The Transferor and Transferee Companies complied with statutory provisions, including related party transactions and negative net-worth issues. The Scheme included provisions for Preference Shares, government research funds, tax implications, and transfer of liabilities. Compliance with Companies Act, 2013, was mandated. The Tribunal approved the Scheme with specific directions and conditions, closing the case and all related applications. en-us Mon, 07 Sep 2020 00:00:00 +0530 Wed, 06 Jan 2021 14:12:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402554 The Tribunal sanctioned the Scheme of Amalgamation as fair and reasonable, not prejudicial to members or creditors. The Transferor and Transferee Companies complied with statutory provisions, including related party transactions and negative net-worth issues. The Scheme included provisions for Preference Shares, government research funds, tax implications, and transfer of liabilities. Compliance with Companies Act, 2013, was mandated. The Tribunal approved the Scheme with specific directions and conditions, closing the case and all related applications. Case-Laws Companies Law Mon, 07 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402554