https://www.taxtmi.com/caselaws?id=762022 The NCLAT New Delhi allowed an appeal concerning amendment of an amalgamation scheme under sections 230-232 read with section 234 of the Companies Act, 2013. The tribunal held that NCLT has jurisdiction to modify schemes at any stage. The proposed modification required no additional RBI approval under FEMA regulations for cross-border mergers. The tribunal set aside the impugned order, finding that sustaining it would necessitate remodification and lengthy third-round compliances, which would be counterproductive to the scheme's implementation. en-us Fri, 19 Jul 2024 00:00:00 +0530 Thu, 21 Nov 2024 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762022 The NCLAT New Delhi allowed an appeal concerning amendment of an amalgamation scheme under sections 230-232 read with section 234 of the Companies Act, 2013. The tribunal held that NCLT has jurisdiction to modify schemes at any stage. The proposed modification required no additional RBI approval under FEMA regulations for cross-border mergers. The tribunal set aside the impugned order, finding that sustaining it would necessitate remodification and lengthy third-round compliances, which would be counterproductive to the scheme's implementation. Case-Laws Companies Law Fri, 19 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762022