https://www.taxtmi.com/caselaws?id=415064 A composite scheme of arrangement may proceed where the applicant companies are within the Tribunal's territorial jurisdiction and supporting material, including board approvals, valuation reports, audited financial statements and auditor's certificates, is on record. Equity shareholder meetings may be dispensed with when written consents are filed, while creditor meetings are required only where the creditor position or consent record makes them necessary. The Tribunal may also issue standard directions on notice, advertisement, chairmanship, scrutiny, reporting and statutory intimation under the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The application was allowed and the scheme moved forward subject to those procedural directions. en-us Wed, 17 Nov 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415064 A composite scheme of arrangement may proceed where the applicant companies are within the Tribunal's territorial jurisdiction and supporting material, including board approvals, valuation reports, audited financial statements and auditor's certificates, is on record. Equity shareholder meetings may be dispensed with when written consents are filed, while creditor meetings are required only where the creditor position or consent record makes them necessary. The Tribunal may also issue standard directions on notice, advertisement, chairmanship, scrutiny, reporting and statutory intimation under the Companies Act, 2013 and the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. The application was allowed and the scheme moved forward subject to those procedural directions. Case-Laws Companies Law Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415064