https://www.taxtmi.com/caselaws?id=314439 The NCLT sanctioned a Scheme of Merger by Absorption under sections 230 to 232 of the Companies Act, 2013, involving two Transferor Companies and a Transferee Company. The Scheme was deemed fair, reasonable, and compliant with statutory requirements. The Tribunal ordered the transfer of liabilities, dissolution of the Transferor Companies, and issuance of new shares to shareholders. Compliance with accounting standards and statutory notices was confirmed, with no objections from the Official Liquidator. Directions were issued for stamp duty adjudication, filing with the Registrar of Companies, and payment of costs, with no separate judgment rendered. en-us Fri, 06 Apr 2018 00:00:00 +0530 Mon, 10 Jun 2024 18:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314439 The NCLT sanctioned a Scheme of Merger by Absorption under sections 230 to 232 of the Companies Act, 2013, involving two Transferor Companies and a Transferee Company. The Scheme was deemed fair, reasonable, and compliant with statutory requirements. The Tribunal ordered the transfer of liabilities, dissolution of the Transferor Companies, and issuance of new shares to shareholders. Compliance with accounting standards and statutory notices was confirmed, with no objections from the Official Liquidator. Directions were issued for stamp duty adjudication, filing with the Registrar of Companies, and payment of costs, with no separate judgment rendered. Case-Laws Companies Law Fri, 06 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314439