https://www.taxtmi.com/caselaws?id=418216 The Tribunal sanctioned the Scheme of Amalgamation between the Petitioner Companies under Sections 230-232 of the Companies Act, 2013, as all statutory compliances were met, and no objections were raised. Meetings of equity shareholders, secured creditors, and unsecured creditors were dispensed with based on written consent. Compliance with statutory directions and notifications was confirmed. The Tribunal addressed concerns from statutory authorities regarding carry forward of losses and unabsorbed depreciation, ordering compliance with statutory conditions. Protection of employees' interests and continuation of pending proceedings were ensured. The authorized share capital of the Transferee Company would increase, and shares would be allotted to existing members of the Transferor Companies. The Transferor Companies would be dissolved without winding up upon compliance with the order. en-us Fri, 04 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 07:21:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418216 The Tribunal sanctioned the Scheme of Amalgamation between the Petitioner Companies under Sections 230-232 of the Companies Act, 2013, as all statutory compliances were met, and no objections were raised. Meetings of equity shareholders, secured creditors, and unsecured creditors were dispensed with based on written consent. Compliance with statutory directions and notifications was confirmed. The Tribunal addressed concerns from statutory authorities regarding carry forward of losses and unabsorbed depreciation, ordering compliance with statutory conditions. Protection of employees' interests and continuation of pending proceedings were ensured. The authorized share capital of the Transferee Company would increase, and shares would be allotted to existing members of the Transferor Companies. The Transferor Companies would be dissolved without winding up upon compliance with the order. Case-Laws Companies Law Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418216