https://www.taxtmi.com/caselaws?id=403396 The judgment approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, merging two companies with unanimous board approval. Dispensation was granted for meetings of equity shareholders and unsecured creditors due to obtained consents. The Scheme aimed at cost optimization, organizational improvement, and business consolidation for enhanced efficiencies. Shareholders and creditors were assured of no new share issuance post-merger, maintaining equity share capital and safeguarding creditors' rights. The judgment allowed the Company Application, emphasizing compliance with legal procedures and regulatory requirements for the proposed Scheme of Amalgamation. en-us Thu, 21 Jan 2021 00:00:00 +0530 Thu, 28 Jan 2021 10:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403396 The judgment approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, merging two companies with unanimous board approval. Dispensation was granted for meetings of equity shareholders and unsecured creditors due to obtained consents. The Scheme aimed at cost optimization, organizational improvement, and business consolidation for enhanced efficiencies. Shareholders and creditors were assured of no new share issuance post-merger, maintaining equity share capital and safeguarding creditors' rights. The judgment allowed the Company Application, emphasizing compliance with legal procedures and regulatory requirements for the proposed Scheme of Amalgamation. Case-Laws Companies Law Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403396