https://www.taxtmi.com/caselaws?id=297085 In a proposed amalgamation under sections 230 to 232 of the Companies Act, 2013, meetings may be dispensed with where the transferor companies have no secured or unsecured creditors and the required shareholder consents are on record; those meetings were accordingly waived. For the transferee company, consent supported dispensation of the secured creditors' meeting, while meetings of equity shareholders and unsecured creditors were directed to be convened with the usual procedural safeguards, including notices, publication, quorum, proxy voting, appointment of a chairperson and scrutinizer, and filing of reports under the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The application was allowed in part and the procedural directions were issued for consideration of the scheme. en-us Fri, 18 Dec 2020 00:00:00 +0530 Tue, 18 Apr 2023 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297085 In a proposed amalgamation under sections 230 to 232 of the Companies Act, 2013, meetings may be dispensed with where the transferor companies have no secured or unsecured creditors and the required shareholder consents are on record; those meetings were accordingly waived. For the transferee company, consent supported dispensation of the secured creditors' meeting, while meetings of equity shareholders and unsecured creditors were directed to be convened with the usual procedural safeguards, including notices, publication, quorum, proxy voting, appointment of a chairperson and scrutinizer, and filing of reports under the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The application was allowed in part and the procedural directions were issued for consideration of the scheme. Case-Laws Law of Competition Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297085