https://www.taxtmi.com/caselaws?id=416603 The Company Petition seeking approval for a Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, 2013 was granted by the Tribunal. The proposed scheme, aimed at organizational effectiveness and financial strength, was approved as it complied with Accounting Standards, had no pending legal proceedings, and met all statutory requirements. The order made the scheme binding on shareholders and creditors from 1st April 2020, with Transferor Companies to be dissolved without winding up. Compliance with legal obligations post-approval was emphasized. en-us Mon, 06 Dec 2021 00:00:00 +0530 Mon, 03 Jan 2022 08:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416603 The Company Petition seeking approval for a Scheme of Amalgamation under Sections 230 and 232 of the Companies Act, 2013 was granted by the Tribunal. The proposed scheme, aimed at organizational effectiveness and financial strength, was approved as it complied with Accounting Standards, had no pending legal proceedings, and met all statutory requirements. The order made the scheme binding on shareholders and creditors from 1st April 2020, with Transferor Companies to be dissolved without winding up. Compliance with legal obligations post-approval was emphasized. Case-Laws Companies Law Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416603