https://www.taxtmi.com/caselaws?id=409191 The Tribunal sanctioned the Scheme of Amalgamation involving multiple companies with Abal Infrapower & Multitrading Private Limited, effective from 01.04.2018, under Sections 230 to 232 of the Companies Act, 2013. The Petitioner addressed regulatory observations, including compliance with statutory requirements and clarification on the issuance of compulsory convertible debentures. The transfer of liabilities, including tax implications, was acknowledged, with the Tribunal emphasizing that the Scheme does not exempt payment of taxes or charges. The Petitioner was directed to file statutory returns and deliver necessary documents to the Registrar of Companies within thirty days. The Scheme was deemed fair and reasonable, leading to the disposal of the Petition and all pending applications. en-us Thu, 04 Mar 2021 00:00:00 +0530 Fri, 02 Jul 2021 08:57:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409191 The Tribunal sanctioned the Scheme of Amalgamation involving multiple companies with Abal Infrapower & Multitrading Private Limited, effective from 01.04.2018, under Sections 230 to 232 of the Companies Act, 2013. The Petitioner addressed regulatory observations, including compliance with statutory requirements and clarification on the issuance of compulsory convertible debentures. The transfer of liabilities, including tax implications, was acknowledged, with the Tribunal emphasizing that the Scheme does not exempt payment of taxes or charges. The Petitioner was directed to file statutory returns and deliver necessary documents to the Registrar of Companies within thirty days. The Scheme was deemed fair and reasonable, leading to the disposal of the Petition and all pending applications. Case-Laws Law of Competition Thu, 04 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409191