https://www.taxtmi.com/caselaws?id=296866 The Tribunal approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, finding it maintainable and compliant with procedural requirements. Objections raised by shareholders and authorities were dismissed as lacking validity. The reduction of share capital of the Transferee Company was deemed permissible and fair. The valuation of shares was found reasonable, and the transfer of liabilities and employees from Transferor to Transferee Company was approved. The Scheme was deemed fair, just, and reasonable, with specific compliance directions provided. en-us Wed, 18 Dec 2019 00:00:00 +0530 Mon, 09 Aug 2021 20:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296866 The Tribunal approved the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, finding it maintainable and compliant with procedural requirements. Objections raised by shareholders and authorities were dismissed as lacking validity. The reduction of share capital of the Transferee Company was deemed permissible and fair. The valuation of shares was found reasonable, and the transfer of liabilities and employees from Transferor to Transferee Company was approved. The Scheme was deemed fair, just, and reasonable, with specific compliance directions provided. Case-Laws Companies Law Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296866