https://www.taxtmi.com/caselaws?id=411991 The Tribunal sanctioned the Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, involving Broadcasting Business and Cable Distribution Business. The Scheme, approved by the Boards of both companies and stakeholders, aimed to unlock shareholder value and provide growth opportunities. All statutory compliances were met, and the Scheme was found beneficial without adverse effects on shareholders, employees, or creditors. Directions were given for asset transfers, legal proceedings, and employee continuity. The order did not exempt payment of Stamp Duty or taxes, and legal fees for the Regional Director were quantified and directed to be paid by the Resulting Company. en-us Mon, 23 Aug 2021 00:00:00 +0530 Wed, 08 Sep 2021 08:33:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411991 The Tribunal sanctioned the Composite Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013, involving Broadcasting Business and Cable Distribution Business. The Scheme, approved by the Boards of both companies and stakeholders, aimed to unlock shareholder value and provide growth opportunities. All statutory compliances were met, and the Scheme was found beneficial without adverse effects on shareholders, employees, or creditors. Directions were given for asset transfers, legal proceedings, and employee continuity. The order did not exempt payment of Stamp Duty or taxes, and legal fees for the Regional Director were quantified and directed to be paid by the Resulting Company. Case-Laws Companies Law Mon, 23 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411991