https://www.taxtmi.com/caselaws?id=409645 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving six Transferor Companies and one Transferee Company, with an effective date of 01.04.2017. The Scheme aimed to transfer assets, liabilities, rights, and powers to the Transferee Company on a going concern basis. The Tribunal dispensed with meetings of Equity Shareholders and creditors, and after addressing concerns raised by the Official Liquidator and Regional Director, the Scheme was approved. Key orders included the transfer of properties, liabilities, continuation of proceedings, share issuance, dissolution of Transferor Companies without winding-up, and filing of asset schedules within 60 days. en-us Fri, 11 Jun 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409645 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving six Transferor Companies and one Transferee Company, with an effective date of 01.04.2017. The Scheme aimed to transfer assets, liabilities, rights, and powers to the Transferee Company on a going concern basis. The Tribunal dispensed with meetings of Equity Shareholders and creditors, and after addressing concerns raised by the Official Liquidator and Regional Director, the Scheme was approved. Key orders included the transfer of properties, liabilities, continuation of proceedings, share issuance, dissolution of Transferor Companies without winding-up, and filing of asset schedules within 60 days. Case-Laws Companies Law Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409645