https://www.taxtmi.com/caselaws?id=301467 The NCLT Delhi sanctioned a Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013 after finding the requisite board approvals, absence of pending winding-up or other disqualifying proceedings, and no objection from the Official Liquidator or Regional Director. The scheme was treated as fair and reasonable, not contrary to public policy, and not violative of law. The order also recorded compliance with the undertaking under Section 232(3)(i) regarding fee payable on revised authorised share capital and noted accounting treatment under the pooling of interests method. The scheme became binding on shareholders, creditors, and employees, and the transferor companies were directed to dissolve without winding up on filing the certified order with the Registrar of Companies. en-us Thu, 12 Dec 2019 00:00:00 +0530 Tue, 05 Apr 2022 21:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301467 The NCLT Delhi sanctioned a Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013 after finding the requisite board approvals, absence of pending winding-up or other disqualifying proceedings, and no objection from the Official Liquidator or Regional Director. The scheme was treated as fair and reasonable, not contrary to public policy, and not violative of law. The order also recorded compliance with the undertaking under Section 232(3)(i) regarding fee payable on revised authorised share capital and noted accounting treatment under the pooling of interests method. The scheme became binding on shareholders, creditors, and employees, and the transferor companies were directed to dissolve without winding up on filing the certified order with the Registrar of Companies. Case-Laws Companies Law Thu, 12 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301467