https://www.taxtmi.com/caselaws?id=307976 The Tribunal approved the Scheme of Amalgamation between two companies within Barclays Group under Sections 230-232 of the Companies Act, 2013. The Scheme aimed to streamline holding in India, simplify shareholding structure, and realize benefits of greater synergies, simplification of management structure, and cost reduction. The Tribunal found the Scheme fair, reasonable, compliant with the law, and not against public policy. Consequently, the Company Scheme Petitions were made absolute, and directions were given for stamp duty adjudication, filing with the Registrar of Companies, and payment of costs to relevant authorities. en-us Thu, 02 Nov 2017 00:00:00 +0530 Fri, 19 May 2023 21:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307976 The Tribunal approved the Scheme of Amalgamation between two companies within Barclays Group under Sections 230-232 of the Companies Act, 2013. The Scheme aimed to streamline holding in India, simplify shareholding structure, and realize benefits of greater synergies, simplification of management structure, and cost reduction. The Tribunal found the Scheme fair, reasonable, compliant with the law, and not against public policy. Consequently, the Company Scheme Petitions were made absolute, and directions were given for stamp duty adjudication, filing with the Registrar of Companies, and payment of costs to relevant authorities. Case-Laws Companies Law Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307976