https://www.taxtmi.com/caselaws?id=407064 The Tribunal sanctioned the Scheme of Arrangement under Sections 230 and 232 of the Companies Act, 2013 for the amalgamation of two companies belonging to the same management group. Compliance with meeting requirements for shareholders and unsecured creditors was ensured. The Tribunal considered objections regarding the change of name of the Transferee Company and directed compliance with the Companies Act. Legal costs were quantified and ordered to be paid by the Petitioner Transferee Company. The Petitioner Companies were instructed to lodge the order and scheme for stamp duty adjudication and file them with the Registrar of Companies, emphasizing compliance with statutory obligations and protection of stakeholders' interests. en-us Tue, 23 Mar 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407064 The Tribunal sanctioned the Scheme of Arrangement under Sections 230 and 232 of the Companies Act, 2013 for the amalgamation of two companies belonging to the same management group. Compliance with meeting requirements for shareholders and unsecured creditors was ensured. The Tribunal considered objections regarding the change of name of the Transferee Company and directed compliance with the Companies Act. Legal costs were quantified and ordered to be paid by the Petitioner Transferee Company. The Petitioner Companies were instructed to lodge the order and scheme for stamp duty adjudication and file them with the Registrar of Companies, emphasizing compliance with statutory obligations and protection of stakeholders' interests. Case-Laws Companies Law Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407064