https://www.taxtmi.com/caselaws?id=423783 The Tribunal approved the Composite Scheme of Amalgamation between two companies, directing the transfer of properties, rights, and liabilities to the Transferee Company. Meetings of shareholders and creditors were dispensed with based on consent affidavits. Compliance with statutory and regulatory requirements was confirmed through notices to authorities and publication in newspapers. The scheme's rationale included operational synergies, infrastructure improvements, and financial benefits. The Tribunal found the scheme compliant with the Companies Act, 2013, and sanctioned it, ensuring continuity for employees and members of both companies without winding up. en-us Wed, 01 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 09:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423783 The Tribunal approved the Composite Scheme of Amalgamation between two companies, directing the transfer of properties, rights, and liabilities to the Transferee Company. Meetings of shareholders and creditors were dispensed with based on consent affidavits. Compliance with statutory and regulatory requirements was confirmed through notices to authorities and publication in newspapers. The scheme's rationale included operational synergies, infrastructure improvements, and financial benefits. The Tribunal found the scheme compliant with the Companies Act, 2013, and sanctioned it, ensuring continuity for employees and members of both companies without winding up. Case-Laws Companies Law Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423783