https://www.taxtmi.com/caselaws?id=412145 The proposed Scheme of Merger by absorption of Applicant Company 1 with Applicant Company 2 was approved by the Board of Directors. The merger aims to achieve integration of activities, financial strength, operational rationalization, and resource optimization. Meetings for Equity and Preference Shareholders were dispensed with due to written consents. An Equity Shareholders' Meeting is scheduled for approval. Notices and advertisements for the meeting have been arranged, and a Chairperson and Scrutinizer appointed. Quorum and voting procedures are in line with the Companies Act. Creditors' interests are safeguarded, and notices have been served to regulatory authorities for responses. en-us Thu, 05 Aug 2021 00:00:00 +0530 Sat, 11 Sep 2021 09:55:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412145 The proposed Scheme of Merger by absorption of Applicant Company 1 with Applicant Company 2 was approved by the Board of Directors. The merger aims to achieve integration of activities, financial strength, operational rationalization, and resource optimization. Meetings for Equity and Preference Shareholders were dispensed with due to written consents. An Equity Shareholders' Meeting is scheduled for approval. Notices and advertisements for the meeting have been arranged, and a Chairperson and Scrutinizer appointed. Quorum and voting procedures are in line with the Companies Act. Creditors' interests are safeguarded, and notices have been served to regulatory authorities for responses. Case-Laws Companies Law Thu, 05 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412145