https://www.taxtmi.com/caselaws?id=296949 The court approved the Composite Scheme of Amalgamation and Plan of Merger between multiple companies under sections 230 to 232 of the Companies Act, 2013. Shareholder meetings were not required as consent affidavits were obtained, exempting physical meetings. Equity Shareholders of the ultimate Transferee Company were also exempted from convening meetings due to positive financial position. Detailed directions were provided for issuing notices to various stakeholders, with Chartered Accountants appointed to scrutinize Transferor Companies' accounts. Compliance with regulatory authorities and filing a compliance report with the Registry were mandated, considering the prevailing lockdown situation. en-us Fri, 01 May 2020 00:00:00 +0530 Thu, 12 Aug 2021 21:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296949 The court approved the Composite Scheme of Amalgamation and Plan of Merger between multiple companies under sections 230 to 232 of the Companies Act, 2013. Shareholder meetings were not required as consent affidavits were obtained, exempting physical meetings. Equity Shareholders of the ultimate Transferee Company were also exempted from convening meetings due to positive financial position. Detailed directions were provided for issuing notices to various stakeholders, with Chartered Accountants appointed to scrutinize Transferor Companies' accounts. Compliance with regulatory authorities and filing a compliance report with the Registry were mandated, considering the prevailing lockdown situation. Case-Laws Insolvency and Bankruptcy Fri, 01 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296949