https://www.taxtmi.com/caselaws?id=408888 A scheme of arrangement combining amalgamation, reduction of share capital and reserve reorganisation was sanctioned after the Tribunal found the proposal fair, reasonable and not contrary to law or public interest. The companies had secured board approval, completed the directed compliances, and filed affidavits and undertakings supporting the scheme. Objections from the Regional Director, Official Liquidator and Income Tax Department were answered through clarifications, statutory filings and a clause preserving pending tax proceedings and liabilities. As no surviving objection disclosed any legal impediment, the scheme was approved and made binding on the companies and their shareholders, subject to consequential compliance filings. en-us Thu, 13 May 2021 00:00:00 +0530 Wed, 23 Jun 2021 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408888 A scheme of arrangement combining amalgamation, reduction of share capital and reserve reorganisation was sanctioned after the Tribunal found the proposal fair, reasonable and not contrary to law or public interest. The companies had secured board approval, completed the directed compliances, and filed affidavits and undertakings supporting the scheme. Objections from the Regional Director, Official Liquidator and Income Tax Department were answered through clarifications, statutory filings and a clause preserving pending tax proceedings and liabilities. As no surviving objection disclosed any legal impediment, the scheme was approved and made binding on the companies and their shareholders, subject to consequential compliance filings. Case-Laws Companies Law Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408888