https://www.taxtmi.com/caselaws?id=760307 NCLAT set aside NCLT's rejection of application to amend amalgamation scheme involving miniscule swap ratio changes. Tribunal held amendments can be made at any stage, citing precedents where scheme modifications were permitted including changes to appointed dates, swap ratios, and exclusion of companies from merger. Court noted proposed modification required no additional regulatory approvals under FEMA regulations for cross-border mergers, and sustaining rejection would necessitate lengthy third round of compliances. Appeal allowed. en-us Mon, 22 Apr 2024 00:00:00 +0530 Fri, 18 Oct 2024 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760307 NCLAT set aside NCLT's rejection of application to amend amalgamation scheme involving miniscule swap ratio changes. Tribunal held amendments can be made at any stage, citing precedents where scheme modifications were permitted including changes to appointed dates, swap ratios, and exclusion of companies from merger. Court noted proposed modification required no additional regulatory approvals under FEMA regulations for cross-border mergers, and sustaining rejection would necessitate lengthy third round of compliances. Appeal allowed. Case-Laws Companies Law Mon, 22 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760307