https://www.taxtmi.com/caselaws?id=415427 The Tribunal sanctioned the Scheme of Amalgamation between AUXINITE MARKETING LIMITED and BAJAJ POLYBLENDS PRIVATE LIMITED, effective from 1st April 2020. The Scheme was approved for combining business operations, achieving economies of scale, enhancing profitability, and benefiting shareholders and stakeholders. Compliance with statutory requirements and accounting standards was confirmed, and observations by the Official Liquidator and Regional Director were favorable. Pending legal cases were addressed, and procedural compliance for the Scheme was ensured, with specific orders for property transfer, share issuance, and dissolution of the Transferor Company. The Tribunal emphasized that technical violations should not impede the Scheme's approval. en-us Wed, 24 Nov 2021 00:00:00 +0530 Mon, 06 Dec 2021 09:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415427 The Tribunal sanctioned the Scheme of Amalgamation between AUXINITE MARKETING LIMITED and BAJAJ POLYBLENDS PRIVATE LIMITED, effective from 1st April 2020. The Scheme was approved for combining business operations, achieving economies of scale, enhancing profitability, and benefiting shareholders and stakeholders. Compliance with statutory requirements and accounting standards was confirmed, and observations by the Official Liquidator and Regional Director were favorable. Pending legal cases were addressed, and procedural compliance for the Scheme was ensured, with specific orders for property transfer, share issuance, and dissolution of the Transferor Company. The Tribunal emphasized that technical violations should not impede the Scheme's approval. Case-Laws Companies Law Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415427