https://www.taxtmi.com/caselaws?id=310403 The Court approved the scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, between the transferor and transferee companies, both engaged in pharmaceutical activities. The Board of Directors of both companies endorsed the scheme, and statutory authorities raised no objections. The Court found the scheme to be compliant with legal provisions, beneficial to stakeholders, and not against public interest. Consequently, the transferor company was dissolved without winding up, and both companies were instructed to notify the Registrar of Companies and proceed as per the approved scheme. en-us Wed, 30 Mar 2016 00:00:00 +0530 Sun, 22 Oct 2023 21:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310403 The Court approved the scheme of amalgamation under Sections 391 and 394 of the Companies Act, 1956, between the transferor and transferee companies, both engaged in pharmaceutical activities. The Board of Directors of both companies endorsed the scheme, and statutory authorities raised no objections. The Court found the scheme to be compliant with legal provisions, beneficial to stakeholders, and not against public interest. Consequently, the transferor company was dissolved without winding up, and both companies were instructed to notify the Registrar of Companies and proceed as per the approved scheme. Case-Laws Companies Law Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310403