https://www.taxtmi.com/caselaws?id=420416 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230-232 and Section 66 of the Companies Act, 2013, finding it compliant with statutory requirements. Meetings of shareholders and creditors were dispensed with. The companies complied with regulatory responses, transferring liabilities and assets to the transferee company. The Income Tax Department's rights were protected, and accounting standards were followed. Procedural directions post-sanction included property transfer, continuation of proceedings, employee transfer, fee adjustments, and filing requirements. The order did not exempt payment of stamp duty, taxes, or charges. Company Petition CP (CAA) No.25/Chd/Pb/2020 was disposed of accordingly. en-us Wed, 30 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420416 The Tribunal sanctioned the Scheme of Amalgamation under Sections 230-232 and Section 66 of the Companies Act, 2013, finding it compliant with statutory requirements. Meetings of shareholders and creditors were dispensed with. The companies complied with regulatory responses, transferring liabilities and assets to the transferee company. The Income Tax Department's rights were protected, and accounting standards were followed. Procedural directions post-sanction included property transfer, continuation of proceedings, employee transfer, fee adjustments, and filing requirements. The order did not exempt payment of stamp duty, taxes, or charges. Company Petition CP (CAA) No.25/Chd/Pb/2020 was disposed of accordingly. Case-Laws Companies Law Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420416