https://www.taxtmi.com/caselaws?id=410173 The Tribunal sanctioned the Composite Scheme of Arrangement involving the demerger and amalgamation of specified companies under Sections 230(6) and 232(3) of the Companies Act, 2013. The Scheme aimed to streamline operations, enhance profitability, and establish a larger company with a broader business base. All statutory requirements and accounting standards were met, objections from regulatory authorities were addressed, and the issuance and allotment of shares post-amalgamation were ordered. The parties were directed to file necessary documents and comply with procedural requirements. The Scheme was deemed bona fide and in the interest of all concerned, effective from 1st April 2019. en-us Fri, 16 Jul 2021 00:00:00 +0530 Tue, 27 Jul 2021 08:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410173 The Tribunal sanctioned the Composite Scheme of Arrangement involving the demerger and amalgamation of specified companies under Sections 230(6) and 232(3) of the Companies Act, 2013. The Scheme aimed to streamline operations, enhance profitability, and establish a larger company with a broader business base. All statutory requirements and accounting standards were met, objections from regulatory authorities were addressed, and the issuance and allotment of shares post-amalgamation were ordered. The parties were directed to file necessary documents and comply with procedural requirements. The Scheme was deemed bona fide and in the interest of all concerned, effective from 1st April 2019. Case-Laws Companies Law Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410173