https://www.taxtmi.com/caselaws?id=414344 The Tribunal approved the Scheme of Arrangement through Demerger under Sections 230 to 232 of the Companies Act, 2013, between the Transferor and Transferee Companies based in Delhi. The dispensation of meetings for shareholders and creditors was granted, and compliance was confirmed through various reports. With approval from Members and Creditors and no significant objections, the sanctioned Scheme will be binding on both companies, their stakeholders, and creditors. The Tribunal emphasized adherence to statutory obligations, including Stamp Duty, Taxes, and registration requirements within thirty days. No costs were imposed, and the petition was allowed, with the file to be archived as per regulations. en-us Tue, 26 Oct 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414344 The Tribunal approved the Scheme of Arrangement through Demerger under Sections 230 to 232 of the Companies Act, 2013, between the Transferor and Transferee Companies based in Delhi. The dispensation of meetings for shareholders and creditors was granted, and compliance was confirmed through various reports. With approval from Members and Creditors and no significant objections, the sanctioned Scheme will be binding on both companies, their stakeholders, and creditors. The Tribunal emphasized adherence to statutory obligations, including Stamp Duty, Taxes, and registration requirements within thirty days. No costs were imposed, and the petition was allowed, with the file to be archived as per regulations. Case-Laws Companies Law Tue, 26 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414344