https://www.taxtmi.com/caselaws?id=416553 The Tribunal sanctioned the scheme of arrangement and amalgamation involving three companies to benefit stakeholders by creating synergy and maximizing shareholder returns. The companies agreed to comply with accounting standards and statutory provisions, converting equity shares into preference shares. Despite pending inquiries and objections, the Tribunal accepted the explanations provided by the companies. The scheme was deemed fair and reasonable, leading to the dissolution of transferor companies without winding up. Compliance with procedural requirements was ordered, with interested parties allowed to seek further directions from the Tribunal. en-us Mon, 20 Sep 2021 00:00:00 +0530 Sat, 01 Jan 2022 08:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416553 The Tribunal sanctioned the scheme of arrangement and amalgamation involving three companies to benefit stakeholders by creating synergy and maximizing shareholder returns. The companies agreed to comply with accounting standards and statutory provisions, converting equity shares into preference shares. Despite pending inquiries and objections, the Tribunal accepted the explanations provided by the companies. The scheme was deemed fair and reasonable, leading to the dissolution of transferor companies without winding up. Compliance with procedural requirements was ordered, with interested parties allowed to seek further directions from the Tribunal. Case-Laws Companies Law Mon, 20 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416553