https://www.taxtmi.com/caselaws?id=313731 A scheme of amalgamation under section 233 of the Companies Act, 2013 may be sanctioned where statutory requirements are met, the scheme is fair and reasonable, and no material objection is raised by regulatory authorities. The transferor companies were wholly owned subsidiaries of the transferee company, no secured or unsecured creditors' meetings were required, members approved the scheme, and the Registrar of Companies and Official Liquidator raised no objection. The Tribunal found no prejudice to shareholders and no conflict with law or public policy, so the amalgamation scheme was approved with binding effect. 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 A scheme of amalgamation under section 233 of the Companies Act, 2013 may be sanctioned where statutory requirements are met, the scheme is fair and reasonable, and no material objection is raised by regulatory authorities. The transferor companies were wholly owned subsidiaries of the transferee company, no secured or unsecured creditors' meetings were required, members approved the scheme, and the Registrar of Companies and Official Liquidator raised no objection. The Tribunal found no prejudice to shareholders and no conflict with law or public policy, so the amalgamation scheme was approved with binding effect. Case-Laws Companies Law Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313731