https://www.taxtmi.com/caselaws?id=416084 The Tribunal allowed the joint Company Petition for the Composite Scheme of Amalgamation, sanctioning the Scheme with specified terms and conditions. The Scheme involved the transfer of undertakings, assets, and liabilities of Transferor Companies to the Transferee Company. Dispensation of meetings of shareholders and creditors was granted, and compliance with statutory requirements, including Accounting Standards, was confirmed. The Tribunal found the Scheme genuine, bona fide, and in the interest of shareholders and creditors, allowing it with conditions such as no exemptions from duties, continuation of pending proceedings, and transfer of employees. en-us Fri, 17 Dec 2021 00:00:00 +0530 Mon, 20 Dec 2021 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416084 The Tribunal allowed the joint Company Petition for the Composite Scheme of Amalgamation, sanctioning the Scheme with specified terms and conditions. The Scheme involved the transfer of undertakings, assets, and liabilities of Transferor Companies to the Transferee Company. Dispensation of meetings of shareholders and creditors was granted, and compliance with statutory requirements, including Accounting Standards, was confirmed. The Tribunal found the Scheme genuine, bona fide, and in the interest of shareholders and creditors, allowing it with conditions such as no exemptions from duties, continuation of pending proceedings, and transfer of employees. Case-Laws Companies Law Fri, 17 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416084