https://www.taxtmi.com/caselaws?id=402680 The Tribunal approved the Composite Scheme of Arrangement and Amalgamation involving multiple companies, including the cancellation and reduction of equity shares. Meetings were convened as per statutory requirements, highlighting benefits such as resource pooling and operational efficiency. Compliance with notices and publications directions was confirmed. Statutory authorities' observations were addressed, including concerns from the Income Tax Department. Valuation reports and accounting treatment were reviewed, leading to the Tribunal's approval of the Scheme, subject to compliance and payment obligations. The Tribunal's orders included provisions for share capital reduction, property transfer, and dissolution of companies, ensuring shareholder protection and statutory compliance. en-us Thu, 09 Jul 2020 00:00:00 +0530 Sat, 09 Jan 2021 21:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402680 The Tribunal approved the Composite Scheme of Arrangement and Amalgamation involving multiple companies, including the cancellation and reduction of equity shares. Meetings were convened as per statutory requirements, highlighting benefits such as resource pooling and operational efficiency. Compliance with notices and publications directions was confirmed. Statutory authorities' observations were addressed, including concerns from the Income Tax Department. Valuation reports and accounting treatment were reviewed, leading to the Tribunal's approval of the Scheme, subject to compliance and payment obligations. The Tribunal's orders included provisions for share capital reduction, property transfer, and dissolution of companies, ensuring shareholder protection and statutory compliance. Case-Laws Companies Law Thu, 09 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402680