https://www.taxtmi.com/caselaws?id=299045 The Tribunal sanctioned the scheme of arrangements in the nature of demerger between two companies, Deep Industries Ltd. and Deep CH4 Ltd., under sections 230-232 of the Companies Act, 2013. The scheme aimed to segregate businesses to enhance management focus and shareholder value. Compliance with procedural requirements, service of notices to regulatory authorities, and handling of tax liabilities were confirmed. The scheme was found non-prejudicial and binding on the parties, with amendments to the Memorandum of Association approved. Legal costs were directed to be paid, and compliance with filing requirements was mandated. en-us Tue, 17 Mar 2020 00:00:00 +0530 Thu, 02 Dec 2021 08:51:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299045 The Tribunal sanctioned the scheme of arrangements in the nature of demerger between two companies, Deep Industries Ltd. and Deep CH4 Ltd., under sections 230-232 of the Companies Act, 2013. The scheme aimed to segregate businesses to enhance management focus and shareholder value. Compliance with procedural requirements, service of notices to regulatory authorities, and handling of tax liabilities were confirmed. The scheme was found non-prejudicial and binding on the parties, with amendments to the Memorandum of Association approved. Legal costs were directed to be paid, and compliance with filing requirements was mandated. Case-Laws Companies Law Tue, 17 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299045