https://www.taxtmi.com/caselaws?id=414245 The case involves a Scheme of Merger by Absorption between two companies under Sections 230 to 232 of the Companies Act, 2013. The merger was approved by the Board of Directors of both companies, aiming to consolidate businesses, reduce administrative efforts, and maximize shareholder value. The Share Entitlement Ratio post-merger was set at 672 shares of the Transferee Company for every 1000 shares of the Transferor Company. Meetings of Equity Shareholders were scheduled to consider and approve the Scheme, with necessary notices and advertisements in place. Various procedural steps, including obtaining creditors' consents and notifying regulatory authorities, were outlined for compliance. en-us Mon, 18 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:09:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414245 The case involves a Scheme of Merger by Absorption between two companies under Sections 230 to 232 of the Companies Act, 2013. The merger was approved by the Board of Directors of both companies, aiming to consolidate businesses, reduce administrative efforts, and maximize shareholder value. The Share Entitlement Ratio post-merger was set at 672 shares of the Transferee Company for every 1000 shares of the Transferor Company. Meetings of Equity Shareholders were scheduled to consider and approve the Scheme, with necessary notices and advertisements in place. Various procedural steps, including obtaining creditors' consents and notifying regulatory authorities, were outlined for compliance. Case-Laws Companies Law Mon, 18 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414245