https://www.taxtmi.com/caselaws?id=411048 The Scheme of Amalgamation under Sections 230-232 and Section 66 of the Companies Act, 2013 was approved by the Tribunal. The Scheme aimed to combine resources, reduce costs, and enhance operational efficiencies for the benefit of shareholders. After addressing objections raised by the Regional Director and RoC, obtaining approvals from regulatory bodies, and ensuring compliance with tax and legal requirements, the Tribunal sanctioned the Scheme as fair, reasonable, and in accordance with the law. The companies were directed to fulfill specified post-approval obligations, with the Transferor Companies to be dissolved upon completion of the Scheme's implementation. en-us Fri, 23 Jul 2021 00:00:00 +0530 Tue, 17 Aug 2021 09:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411048 The Scheme of Amalgamation under Sections 230-232 and Section 66 of the Companies Act, 2013 was approved by the Tribunal. The Scheme aimed to combine resources, reduce costs, and enhance operational efficiencies for the benefit of shareholders. After addressing objections raised by the Regional Director and RoC, obtaining approvals from regulatory bodies, and ensuring compliance with tax and legal requirements, the Tribunal sanctioned the Scheme as fair, reasonable, and in accordance with the law. The companies were directed to fulfill specified post-approval obligations, with the Transferor Companies to be dissolved upon completion of the Scheme's implementation. Case-Laws Companies Law Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411048