https://www.taxtmi.com/caselaws?id=421223 The Tribunal approved the Scheme of Demerger under Sections 230-232 of the Companies Act, 2013, making it binding on all shareholders and creditors of the involved companies. It dispensed with meetings of shareholders and creditors based on obtained consents and public notices. The Tribunal found compliance with statutory requirements and addressed objections from authorities. The demerger involved the transfer of assets, liabilities, and employees to the resulting companies. The Tribunal's order did not exempt the companies from stamp duty, taxes, or other charges, and required compliance with applicable laws. The companies were instructed to make specified deposits and deliver a certified order copy to the Registrar of Companies for registration, concluding the case. en-us Thu, 24 Mar 2022 00:00:00 +0530 Tue, 19 Apr 2022 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421223 The Tribunal approved the Scheme of Demerger under Sections 230-232 of the Companies Act, 2013, making it binding on all shareholders and creditors of the involved companies. It dispensed with meetings of shareholders and creditors based on obtained consents and public notices. The Tribunal found compliance with statutory requirements and addressed objections from authorities. The demerger involved the transfer of assets, liabilities, and employees to the resulting companies. The Tribunal's order did not exempt the companies from stamp duty, taxes, or other charges, and required compliance with applicable laws. The companies were instructed to make specified deposits and deliver a certified order copy to the Registrar of Companies for registration, concluding the case. Case-Laws Law of Competition Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421223