https://www.taxtmi.com/caselaws?id=298638 The Tribunal approved the scheme of arrangement involving demerger between two companies, noting its benefits to shareholders, employees, and stakeholders. Compliance with statutory requirements, observations by regulatory authorities, financial and operational implications of the demerger, approval by shareholders and creditors, tax implications, and accounting standards compliance were addressed. The scheme was approved without exemption from stamp duty or taxes, with the demerged undertaking transferred as a going concern. Compliance with regulatory directives, tax implications subject to final decisions, and adherence to accounting standards were mandated, with ongoing proceedings against the resulting company and requirements for annual compliance statements. en-us Tue, 05 Jan 2021 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298638 The Tribunal approved the scheme of arrangement involving demerger between two companies, noting its benefits to shareholders, employees, and stakeholders. Compliance with statutory requirements, observations by regulatory authorities, financial and operational implications of the demerger, approval by shareholders and creditors, tax implications, and accounting standards compliance were addressed. The scheme was approved without exemption from stamp duty or taxes, with the demerged undertaking transferred as a going concern. Compliance with regulatory directives, tax implications subject to final decisions, and adherence to accounting standards were mandated, with ongoing proceedings against the resulting company and requirements for annual compliance statements. Case-Laws Companies Law Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298638