https://www.taxtmi.com/caselaws?id=408797 The Tribunal considered whether meetings of equity shareholders, secured creditors and unsecured creditors could be dispensed with for a proposed merger scheme under the Companies Act, 2013. On the basis of board approvals, valuation material, affidavits of consent from all equity shareholders, certificates showing no secured creditors, and written consent or absence of unsecured creditors, it found that the procedural basis for convening meetings was not required in the circumstances. The scheme was therefore permitted to proceed without those meetings, subject to compliance with statutory notice requirements to the prescribed authorities under Section 230(5) and Rule 8. en-us Wed, 02 Jun 2021 00:00:00 +0530 Tue, 22 Jun 2021 09:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408797 The Tribunal considered whether meetings of equity shareholders, secured creditors and unsecured creditors could be dispensed with for a proposed merger scheme under the Companies Act, 2013. On the basis of board approvals, valuation material, affidavits of consent from all equity shareholders, certificates showing no secured creditors, and written consent or absence of unsecured creditors, it found that the procedural basis for convening meetings was not required in the circumstances. The scheme was therefore permitted to proceed without those meetings, subject to compliance with statutory notice requirements to the prescribed authorities under Section 230(5) and Rule 8. Case-Laws Companies Law Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408797