https://www.taxtmi.com/caselaws?id=313731 The Tribunal sanctioned the Scheme of Amalgamation under Section 233(6) of the Companies Act, 2013, after determining compliance with statutory requirements and addressing the Respondent's objections regarding shareholder approval percentages. Despite initial rejection due to interpretation of Section 233(1)(b), the Tribunal found the Scheme fair, reasonable, and binding on all parties, with no objections from the Regional Director and no pending investigations. The approval emphasized that it did not exempt the parties from obligations such as stamp duty or taxes. The Scheme was deemed compliant with legal provisions, ensuring it was binding on all members, creditors, and shareholders. en-us Tue, 22 Nov 2022 00:00:00 +0530 Tue, 30 Apr 2024 21:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313731 The Tribunal sanctioned the Scheme of Amalgamation under Section 233(6) of the Companies Act, 2013, after determining compliance with statutory requirements and addressing the Respondent's objections regarding shareholder approval percentages. Despite initial rejection due to interpretation of Section 233(1)(b), the Tribunal found the Scheme fair, reasonable, and binding on all parties, with no objections from the Regional Director and no pending investigations. The approval emphasized that it did not exempt the parties from obligations such as stamp duty or taxes. The Scheme was deemed compliant with legal provisions, ensuring it was binding on all members, creditors, and shareholders. Case-Laws Companies Law Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313731