https://www.taxtmi.com/caselaws?id=407769 The Tribunal sanctioned the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, effective from April 1, 2020, involving the demerger of divisions from the Demerged Company to the Resulting Company. All assets, liabilities, and pending proceedings of the Demerged Company are transferred to the Resulting Company, subject to existing charges. The sanction does not exempt the payment of Stamp Duty, taxes, or other charges, which remain subject to the final decision of the Income Tax Authorities. Compliance with the Companies Act, 2013, is mandated, and the Tribunal reserves the right for any authority to take action for violations. The Scheme is deemed fair, reasonable, and not contrary to public policy. en-us Tue, 27 Apr 2021 00:00:00 +0530 Fri, 21 May 2021 08:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407769 The Tribunal sanctioned the Scheme of Arrangement under Sections 230 to 232 of the Companies Act, 2013, effective from April 1, 2020, involving the demerger of divisions from the Demerged Company to the Resulting Company. All assets, liabilities, and pending proceedings of the Demerged Company are transferred to the Resulting Company, subject to existing charges. The sanction does not exempt the payment of Stamp Duty, taxes, or other charges, which remain subject to the final decision of the Income Tax Authorities. Compliance with the Companies Act, 2013, is mandated, and the Tribunal reserves the right for any authority to take action for violations. The Scheme is deemed fair, reasonable, and not contrary to public policy. Case-Laws Law of Competition Tue, 27 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407769