https://www.taxtmi.com/caselaws?id=415065 The application for reduction of Share Capital under Sections 230 and 232 of the Companies Act, 2013, for the purpose of amalgamation of companies was granted by the court. The Scheme of Amalgamation was approved, and directions were issued for both the Transferor and Transferee Companies to dispense with meetings of shareholders and creditors. The court emphasized strict compliance with statutory requirements, including serving notices on relevant authorities. The order allowed the application in specified terms, ensuring adherence to prescribed forms and formats under the Companies Act, 2013 and related rules. en-us Thu, 18 Nov 2021 00:00:00 +0530 Thu, 25 Nov 2021 07:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415065 The application for reduction of Share Capital under Sections 230 and 232 of the Companies Act, 2013, for the purpose of amalgamation of companies was granted by the court. The Scheme of Amalgamation was approved, and directions were issued for both the Transferor and Transferee Companies to dispense with meetings of shareholders and creditors. The court emphasized strict compliance with statutory requirements, including serving notices on relevant authorities. The order allowed the application in specified terms, ensuring adherence to prescribed forms and formats under the Companies Act, 2013 and related rules. Case-Laws Companies Law Thu, 18 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415065