https://www.taxtmi.com/caselaws?id=294412 The judgment concerns a Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving two companies, with the Applicant Company being a 100% subsidiary of the Transferee Company. The Scheme aims to streamline operations, reduce costs, and strengthen the financial position of the merged entity. The Board of Directors approved the Scheme, and procedures for creditors' notifications and compliance reports were outlined. The Tribunal appointed a Chartered Accountant to scrutinize the Applicant Company's accounts. The Applicant Company must file a compliance report to confirm the issuance of notices to regulatory authorities and creditors. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 13 Apr 2021 03:09:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294412 The judgment concerns a Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, involving two companies, with the Applicant Company being a 100% subsidiary of the Transferee Company. The Scheme aims to streamline operations, reduce costs, and strengthen the financial position of the merged entity. The Board of Directors approved the Scheme, and procedures for creditors' notifications and compliance reports were outlined. The Tribunal appointed a Chartered Accountant to scrutinize the Applicant Company's accounts. The Applicant Company must file a compliance report to confirm the issuance of notices to regulatory authorities and creditors. Case-Laws Companies Law Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294412