https://www.taxtmi.com/caselaws?id=416604 The Tribunal sanctioned the Scheme of Amalgamation, ensuring compliance with legal and procedural mandates. It ordered the transfer of all assets, liabilities, and ongoing legal proceedings from the Transferor Company to the Transferee Company. Employees of the Transferor Company will continue under the Transferee Company with unchanged terms. As the Transferor Company is wholly owned by the Transferee Company, no new shares will be issued, and existing shares will be canceled. The Transferor Company will be dissolved without winding-up, and the Transferee Company must fulfill statutory filing and payment obligations, including contributions to the Prime Minister's National Relief Fund and the Ministry of Corporate Affairs. en-us Mon, 06 Dec 2021 00:00:00 +0530 Mon, 03 Jan 2022 08:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416604 The Tribunal sanctioned the Scheme of Amalgamation, ensuring compliance with legal and procedural mandates. It ordered the transfer of all assets, liabilities, and ongoing legal proceedings from the Transferor Company to the Transferee Company. Employees of the Transferor Company will continue under the Transferee Company with unchanged terms. As the Transferor Company is wholly owned by the Transferee Company, no new shares will be issued, and existing shares will be canceled. The Transferor Company will be dissolved without winding-up, and the Transferee Company must fulfill statutory filing and payment obligations, including contributions to the Prime Minister's National Relief Fund and the Ministry of Corporate Affairs. Case-Laws Law of Competition Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416604