https://www.taxtmi.com/caselaws?id=458892 The NCLT Mumbai Bench-IV considered a petition for sanction of scheme of amalgamation under sections 232 and 230 of the Companies Act, 2013. The tribunal directed petitioner companies to determine consideration based on actual financial results as of the appointed date (1.4.2023) and file a valuation report. If consideration changes, fresh scheme copies must be served to all noticees highlighting modifications. Companies must file affidavit of service confirming compliance with notice requirements to regulatory authorities and report back to the tribunal. en-us Thu, 30 Mar 2023 00:00:00 +0530 Wed, 20 Nov 2024 19:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458892 The NCLT Mumbai Bench-IV considered a petition for sanction of scheme of amalgamation under sections 232 and 230 of the Companies Act, 2013. The tribunal directed petitioner companies to determine consideration based on actual financial results as of the appointed date (1.4.2023) and file a valuation report. If consideration changes, fresh scheme copies must be served to all noticees highlighting modifications. Companies must file affidavit of service confirming compliance with notice requirements to regulatory authorities and report back to the tribunal. Case-Laws Companies Law Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458892