https://www.taxtmi.com/caselaws?id=414701 Compliance with the procedural requirements under the Companies Act, 2013, combined with satisfactory responses to objections from the Regional Directors and objectors, justified sanction of the composite scheme of amalgamation. The petitioners had addressed issues on accounting treatment, authorised share capital, tax, stamp duty, foreign exchange compliance, stock exchange observations, and complaints through undertakings and clarifications accepted on record. The Official Liquidators reported no prejudice to members or the public, and the scheme was found to have a sound commercial basis, be fair and reasonable, and not contrary to law or public policy. The objections and connected complaints were therefore rejected. en-us Fri, 29 Oct 2021 00:00:00 +0530 Mon, 15 Nov 2021 09:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414701 Compliance with the procedural requirements under the Companies Act, 2013, combined with satisfactory responses to objections from the Regional Directors and objectors, justified sanction of the composite scheme of amalgamation. The petitioners had addressed issues on accounting treatment, authorised share capital, tax, stamp duty, foreign exchange compliance, stock exchange observations, and complaints through undertakings and clarifications accepted on record. The Official Liquidators reported no prejudice to members or the public, and the scheme was found to have a sound commercial basis, be fair and reasonable, and not contrary to law or public policy. The objections and connected complaints were therefore rejected. Case-Laws Companies Law Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414701