https://www.taxtmi.com/caselaws?id=417609 A proposed amalgamation scheme was sanctioned where the statutory procedure under Sections 230 to 232 of the Companies Act, 2013 was complied with, stakeholder approvals were obtained, and notices to statutory authorities elicited no adverse objection. The Tribunal found the scheme bona fide and commercially sound, with no infirmity in the accounting treatment or public-interest concerns. The scheme provided for transfer and vesting of the undertaking as a going concern, continuation of proceedings, treatment of employees, and consolidation of authorised share capital. The transferor company was directed to stand dissolved without winding up, and the sanctioned scheme was made binding on all concerned. en-us Mon, 03 Jan 2022 00:00:00 +0530 Fri, 28 Jan 2022 09:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417609 A proposed amalgamation scheme was sanctioned where the statutory procedure under Sections 230 to 232 of the Companies Act, 2013 was complied with, stakeholder approvals were obtained, and notices to statutory authorities elicited no adverse objection. The Tribunal found the scheme bona fide and commercially sound, with no infirmity in the accounting treatment or public-interest concerns. The scheme provided for transfer and vesting of the undertaking as a going concern, continuation of proceedings, treatment of employees, and consolidation of authorised share capital. The transferor company was directed to stand dissolved without winding up, and the sanctioned scheme was made binding on all concerned. Case-Laws Companies Law Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417609