https://www.taxtmi.com/caselaws?id=409644 A scheme of amalgamation was approved after the petitioner addressed the Regional Director's observations through board approvals, affidavits and undertakings covering accounting treatment, appointed date, creditor notices, consistency of scheme documents, statutory notices, authorised capital fee set-off, income-tax, stamp duty, FEMA/RBI compliance and inter-bench coordination. The Regional Director raised no objection after the explanations were accepted. On the record, the scheme was found fair, reasonable, compliant with law and not contrary to public policy, and sanction was granted subject to approval by the NCLT, Chennai Bench, with the appointed date fixed as 1 April 2020. en-us Thu, 10 Jun 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409644 A scheme of amalgamation was approved after the petitioner addressed the Regional Director's observations through board approvals, affidavits and undertakings covering accounting treatment, appointed date, creditor notices, consistency of scheme documents, statutory notices, authorised capital fee set-off, income-tax, stamp duty, FEMA/RBI compliance and inter-bench coordination. The Regional Director raised no objection after the explanations were accepted. On the record, the scheme was found fair, reasonable, compliant with law and not contrary to public policy, and sanction was granted subject to approval by the NCLT, Chennai Bench, with the appointed date fixed as 1 April 2020. Case-Laws Companies Law Thu, 10 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409644