https://www.taxtmi.com/caselaws?id=409565 The Tribunal granted the application for dispensation of the Equity Shareholders meeting for the Resulting/Transferee Company in a demerger scheme under the Companies Act, 2013. With the consent affidavits of Equity Shareholders, the meeting was dispensed with. As there were no Secured and Unsecured Creditors in the Resulting/Transferee Company, their meetings were not required. Specific directions were given for convening and holding meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors of the Demerged Company, ensuring compliance with procedural requirements. Compliance with relevant provisions of the Companies Act, 2013, and related rules was emphasized. en-us Tue, 29 Jun 2021 00:00:00 +0530 Mon, 12 Jul 2021 11:00:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409565 The Tribunal granted the application for dispensation of the Equity Shareholders meeting for the Resulting/Transferee Company in a demerger scheme under the Companies Act, 2013. With the consent affidavits of Equity Shareholders, the meeting was dispensed with. As there were no Secured and Unsecured Creditors in the Resulting/Transferee Company, their meetings were not required. Specific directions were given for convening and holding meetings of Equity Shareholders, Secured Creditors, and Unsecured Creditors of the Demerged Company, ensuring compliance with procedural requirements. Compliance with relevant provisions of the Companies Act, 2013, and related rules was emphasized. Case-Laws Companies Law Tue, 29 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409565