https://www.taxtmi.com/caselaws?id=293312 The Court sanctioned the amalgamation of three companies under sections 391 and 394 of the Companies Act, 1956, despite objections raised by the Central Government regarding share exchange ratios and valuation of assets. The Court required further clarification on the valuation basis and exchange ratio, eventually approving the amalgamation after reviewing additional information provided by the auditors. Costs of Rs. 1,200 were imposed on the petitioner to be paid to the Central Government. en-us Mon, 09 Sep 1968 00:00:00 +0530 Thu, 04 Feb 2021 14:13:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293312 The Court sanctioned the amalgamation of three companies under sections 391 and 394 of the Companies Act, 1956, despite objections raised by the Central Government regarding share exchange ratios and valuation of assets. The Court required further clarification on the valuation basis and exchange ratio, eventually approving the amalgamation after reviewing additional information provided by the auditors. Costs of Rs. 1,200 were imposed on the petitioner to be paid to the Central Government. Case-Laws Companies Law Mon, 09 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293312