https://www.taxtmi.com/caselaws?id=420993 A merger by absorption scheme was sanctioned after the petitioning companies showed approval by the requisite corporate bodies and service of notices on the concerned authorities. The Regional Director's objections on accounting treatment, appointed date, notices, reduction of share capital and statutory compliance were addressed through clarifications and undertakings, which the Tribunal accepted. The scheme disclosed the appointed date, provided for accounting in accordance with applicable standards, and treated reduction of share capital as an integral part of the arrangement. The Official Liquidator reported no conduct prejudicial to members or the public interest. The scheme was sanctioned, with the amalgamation to take effect on filing with the Registrar of Companies. en-us Thu, 31 Mar 2022 00:00:00 +0530 Fri, 15 Apr 2022 08:53:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420993 A merger by absorption scheme was sanctioned after the petitioning companies showed approval by the requisite corporate bodies and service of notices on the concerned authorities. The Regional Director's objections on accounting treatment, appointed date, notices, reduction of share capital and statutory compliance were addressed through clarifications and undertakings, which the Tribunal accepted. The scheme disclosed the appointed date, provided for accounting in accordance with applicable standards, and treated reduction of share capital as an integral part of the arrangement. The Official Liquidator reported no conduct prejudicial to members or the public interest. The scheme was sanctioned, with the amalgamation to take effect on filing with the Registrar of Companies. Case-Laws Companies Law Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420993