https://www.taxtmi.com/caselaws?id=405480 The Tribunal sanctioned the Scheme of Amalgamation between Panasonic India Private Limited (Transferor Company) and Panasonic Life Solutions India Private Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013. The Board of Directors of both companies approved the Scheme, shareholders and creditors provided consent, and no pending legal proceedings existed. The Tribunal dispensed with the requirement for meetings and approved the rationale for the Scheme. The Share Entitlement Ratio was determined, and compliance with accounting standards was confirmed. The Tribunal allowed the First Motion Application, directing the filing of the Second Motion Petition with specific prayers. en-us Mon, 01 Mar 2021 00:00:00 +0530 Mon, 22 Mar 2021 09:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405480 The Tribunal sanctioned the Scheme of Amalgamation between Panasonic India Private Limited (Transferor Company) and Panasonic Life Solutions India Private Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013. The Board of Directors of both companies approved the Scheme, shareholders and creditors provided consent, and no pending legal proceedings existed. The Tribunal dispensed with the requirement for meetings and approved the rationale for the Scheme. The Share Entitlement Ratio was determined, and compliance with accounting standards was confirmed. The Tribunal allowed the First Motion Application, directing the filing of the Second Motion Petition with specific prayers. Case-Laws Companies Law Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405480