https://www.taxtmi.com/caselaws?id=422997 The Tribunal sanctioned the Scheme of Amalgamation, effective from 1st April 2021, involving three companies. The amalgamation was approved to consolidate business activities, restructure capital, and improve profitability. The Tribunal directed the transfer of properties, rights, liabilities, and duties to the transferee company, with specific instructions for share issuance and asset schedule filing. The transferor companies were dissolved, and the order was to be filed with the Registrar of Companies. Compliance with statutory requirements, accounting standards, and addressing observations from the Regional Director and Official Liquidator were ensured in the approval process. en-us Mon, 09 May 2022 00:00:00 +0530 Fri, 09 Sep 2022 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422997 The Tribunal sanctioned the Scheme of Amalgamation, effective from 1st April 2021, involving three companies. The amalgamation was approved to consolidate business activities, restructure capital, and improve profitability. The Tribunal directed the transfer of properties, rights, liabilities, and duties to the transferee company, with specific instructions for share issuance and asset schedule filing. The transferor companies were dissolved, and the order was to be filed with the Registrar of Companies. Compliance with statutory requirements, accounting standards, and addressing observations from the Regional Director and Official Liquidator were ensured in the approval process. Case-Laws Companies Law Mon, 09 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422997