https://www.taxtmi.com/caselaws?id=422503 The joint application for a Scheme of Arrangement by way of Demerger under sections 230-232 of the Companies Act, 2013, was approved by the court. The Demerged Company and Resulting Company details were provided, and the Board of Directors of both companies unanimously approved the proposed Scheme of Demerger. The application included necessary affidavits confirming compliance, details of shareholders and creditors, and alignment with accounting treatment under the Companies Act, 2013. No pending proceedings against the Petitioner Companies were found, and specific directions were issued for meetings and notices to relevant authorities. The application was allowed, and the judgment disposed of the matter accordingly. en-us Wed, 04 May 2022 00:00:00 +0530 Tue, 17 May 2022 08:39:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422503 The joint application for a Scheme of Arrangement by way of Demerger under sections 230-232 of the Companies Act, 2013, was approved by the court. The Demerged Company and Resulting Company details were provided, and the Board of Directors of both companies unanimously approved the proposed Scheme of Demerger. The application included necessary affidavits confirming compliance, details of shareholders and creditors, and alignment with accounting treatment under the Companies Act, 2013. No pending proceedings against the Petitioner Companies were found, and specific directions were issued for meetings and notices to relevant authorities. The application was allowed, and the judgment disposed of the matter accordingly. Case-Laws Companies Law Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422503