https://www.taxtmi.com/caselaws?id=418657 Where all equity shareholders and unsecured creditors of the transferor and transferee companies gave unanimous consent, and the transferor had no secured creditors while the transferee also had none, the Tribunal held that convening stakeholder meetings for the proposed amalgamation was unnecessary. The statutory meeting requirement was treated as satisfied through complete consent, allowing the joint application to proceed. The scheme could move forward subject to compliance with the applicable company law procedure and service of notices to the concerned regulatory and tax authorities. en-us Fri, 28 Jan 2022 00:00:00 +0530 Tue, 22 Feb 2022 07:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418657 Where all equity shareholders and unsecured creditors of the transferor and transferee companies gave unanimous consent, and the transferor had no secured creditors while the transferee also had none, the Tribunal held that convening stakeholder meetings for the proposed amalgamation was unnecessary. The statutory meeting requirement was treated as satisfied through complete consent, allowing the joint application to proceed. The scheme could move forward subject to compliance with the applicable company law procedure and service of notices to the concerned regulatory and tax authorities. Case-Laws Companies Law Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418657