https://www.taxtmi.com/caselaws?id=460354 A scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013 could not be sanctioned where one company included in the wider scheme had not secured the requisite shareholder approval. Although the petitioner companies had convened meetings and obtained approvals, the shareholders of Digi Content Limited did not approve the proposed scheme by the required majority. Because the scheme before the Tribunal still encompassed all originally proposed amalgamating companies, sanction was refused and the company scheme petition was rejected. en-us Thu, 23 Feb 2023 00:00:00 +0530 Mon, 20 Jan 2025 20:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460354 A scheme of amalgamation under Sections 230 to 232 of the Companies Act, 2013 could not be sanctioned where one company included in the wider scheme had not secured the requisite shareholder approval. Although the petitioner companies had convened meetings and obtained approvals, the shareholders of Digi Content Limited did not approve the proposed scheme by the required majority. Because the scheme before the Tribunal still encompassed all originally proposed amalgamating companies, sanction was refused and the company scheme petition was rejected. Case-Laws Companies Law Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460354