https://www.taxtmi.com/caselaws?id=411177 The Tribunal approved the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, filed by multiple Applicant Companies. Meetings of shareholders and creditors were dispensed with as their consent was obtained through affidavits. Compliance with statutory requirements and submission of necessary documents were confirmed. Consideration issuance to shareholders of Transferor Companies was outlined. Employment continuity for staff was ensured, and legal proceedings post-amalgamation were addressed. The accounting treatment under the Scheme was found compliant. The Tribunal allowed the First Motion Application, directing the filing of the Second Motion Petition for further notices to statutory authorities. en-us Fri, 06 Aug 2021 00:00:00 +0530 Thu, 19 Aug 2021 04:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411177 The Tribunal approved the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013, filed by multiple Applicant Companies. Meetings of shareholders and creditors were dispensed with as their consent was obtained through affidavits. Compliance with statutory requirements and submission of necessary documents were confirmed. Consideration issuance to shareholders of Transferor Companies was outlined. Employment continuity for staff was ensured, and legal proceedings post-amalgamation were addressed. The accounting treatment under the Scheme was found compliant. The Tribunal allowed the First Motion Application, directing the filing of the Second Motion Petition for further notices to statutory authorities. Case-Laws Companies Law Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411177