https://www.taxtmi.com/caselaws?id=411571 The Tribunal sanctioned the Scheme of Amalgamation between Rameshwaram Laboratories Private Limited and Shivsathi Commercial Limited under Sections 230(6) and 232(3) of the Companies Act, 2013. Compliance with statutory requirements and accounting standards was confirmed. The scheme aimed to consolidate businesses for better management and leverage combined assets. All necessary formalities were met, and the scheme was deemed bona fide. The Tribunal granted the sanction with specified directions, making the scheme binding on all parties involved, transferring assets and obligations, and addressing employee engagement and legal proceedings. Compliance would lead to the issuance of an urgent certified copy of the order. en-us Tue, 10 Aug 2021 00:00:00 +0530 Sat, 28 Aug 2021 09:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411571 The Tribunal sanctioned the Scheme of Amalgamation between Rameshwaram Laboratories Private Limited and Shivsathi Commercial Limited under Sections 230(6) and 232(3) of the Companies Act, 2013. Compliance with statutory requirements and accounting standards was confirmed. The scheme aimed to consolidate businesses for better management and leverage combined assets. All necessary formalities were met, and the scheme was deemed bona fide. The Tribunal granted the sanction with specified directions, making the scheme binding on all parties involved, transferring assets and obligations, and addressing employee engagement and legal proceedings. Compliance would lead to the issuance of an urgent certified copy of the order. Case-Laws Companies Law Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411571