https://www.taxtmi.com/caselaws?id=293310 The court dismissed the application for amalgamation due to inadequacy of valuation methods, non-compliance with statutory requirements for explanatory statements, and procedural lapses under section 391. Gungaram Tea Co., Ltd. lacked express power to amalgamate with Carron Tea Co., Ltd., emphasizing the importance of transparency, proper valuation, and adherence to statutory procedures to protect shareholders' interests. en-us Mon, 06 Dec 1965 00:00:00 +0530 Thu, 04 Feb 2021 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293310 The court dismissed the application for amalgamation due to inadequacy of valuation methods, non-compliance with statutory requirements for explanatory statements, and procedural lapses under section 391. Gungaram Tea Co., Ltd. lacked express power to amalgamate with Carron Tea Co., Ltd., emphasizing the importance of transparency, proper valuation, and adherence to statutory procedures to protect shareholders' interests. Case-Laws Companies Law Mon, 06 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293310