https://www.taxtmi.com/caselaws?id=430084 The joint application under Sections 230-232 of the Companies Act, 2013 for dispensation of meetings of shareholders and creditors for a merger scheme between a public limited transferor company and a private limited transferee company was approved. With consents obtained in writing from shareholders and no secured creditors, the Tribunal ruled that meetings of creditors were unnecessary. The companies were directed to send notices to relevant authorities for objections within 30 days. The scheme of merger was found compliant with accounting standards, and no pending investigations or proceedings existed against the companies. The application was allowed, granting approval for the merger scheme under CA (CAA) No. 12 of 2021. en-us Fri, 14 Oct 2022 00:00:00 +0530 Fri, 11 Nov 2022 09:00:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430084 The joint application under Sections 230-232 of the Companies Act, 2013 for dispensation of meetings of shareholders and creditors for a merger scheme between a public limited transferor company and a private limited transferee company was approved. With consents obtained in writing from shareholders and no secured creditors, the Tribunal ruled that meetings of creditors were unnecessary. The companies were directed to send notices to relevant authorities for objections within 30 days. The scheme of merger was found compliant with accounting standards, and no pending investigations or proceedings existed against the companies. The application was allowed, granting approval for the merger scheme under CA (CAA) No. 12 of 2021. Case-Laws Companies Law Fri, 14 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430084