https://www.taxtmi.com/caselaws?id=402981 The National Company Law Tribunal, Amaravati Bench, sanctioned the scheme of amalgamation filed by the petitioner-companies, deeming it fair, reasonable, and compliant with relevant sections of the Companies Act, 2013. The scheme, effective from April 1, 2019, was approved with specified conditions, including no exemption from stamp duty, taxes, or charges. The petitioners were directed to submit the scheme to the Registrar of Companies within 30 days, issue necessary publications, and ensure compliance with all statutory obligations. Transferor company No. 1 was mandated to transfer unspent CSR amounts to the transferee company within 90 days. en-us Tue, 08 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402981 The National Company Law Tribunal, Amaravati Bench, sanctioned the scheme of amalgamation filed by the petitioner-companies, deeming it fair, reasonable, and compliant with relevant sections of the Companies Act, 2013. The scheme, effective from April 1, 2019, was approved with specified conditions, including no exemption from stamp duty, taxes, or charges. The petitioners were directed to submit the scheme to the Registrar of Companies within 30 days, issue necessary publications, and ensure compliance with all statutory obligations. Transferor company No. 1 was mandated to transfer unspent CSR amounts to the transferee company within 90 days. Case-Laws Companies Law Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402981