https://www.taxtmi.com/caselaws?id=403394 Consent affidavits from all equity shareholders and relevant creditors, together with auditors' certificates supporting the scheme's accounting treatment, satisfied the statutory requirements for sanction proceedings under sections 230 to 232 of the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. As the notice requirements to statutory authorities remained part of the scheme process and the proposed meetings would serve no useful purpose, the Tribunal dispensed with the meetings of the equity shareholders of all applicant companies. en-us Wed, 20 Jan 2021 00:00:00 +0530 Thu, 28 Jan 2021 10:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403394 Consent affidavits from all equity shareholders and relevant creditors, together with auditors' certificates supporting the scheme's accounting treatment, satisfied the statutory requirements for sanction proceedings under sections 230 to 232 of the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. As the notice requirements to statutory authorities remained part of the scheme process and the proposed meetings would serve no useful purpose, the Tribunal dispensed with the meetings of the equity shareholders of all applicant companies. Case-Laws Law of Competition Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403394