https://www.taxtmi.com/caselaws?id=420645 The Tribunal approved the Scheme of Amalgamation filed under Sections 230 and 232 of the Companies Act, 2013, binding on all shareholders and creditors of both companies. Meetings for equity shareholders were dispensed with, while meetings for creditors were convened. Compliance with statutory requirements and objections raised were addressed satisfactorily. Outstanding statutory dues were to be paid upon demand. The Scheme was approved, with the Transferor Company to be dissolved without winding up, and the Transferee Company directed to deposit specified amounts. The petition was disposed of without exemption from Income Tax Act or Companies Act provisions. en-us Mon, 28 Mar 2022 00:00:00 +0530 Thu, 07 Apr 2022 10:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420645 The Tribunal approved the Scheme of Amalgamation filed under Sections 230 and 232 of the Companies Act, 2013, binding on all shareholders and creditors of both companies. Meetings for equity shareholders were dispensed with, while meetings for creditors were convened. Compliance with statutory requirements and objections raised were addressed satisfactorily. Outstanding statutory dues were to be paid upon demand. The Scheme was approved, with the Transferor Company to be dissolved without winding up, and the Transferee Company directed to deposit specified amounts. The petition was disposed of without exemption from Income Tax Act or Companies Act provisions. Case-Laws Companies Law Mon, 28 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420645