https://www.taxtmi.com/caselaws?id=467079 Whether a composite scheme of arrangement between a wholly owned transferor and its holding transferee met statutory sanctioning requirements under Sections 230-232 was decided by reference to board approvals, stock exchange disclosures, auditor certification of accounting treatment, Regional Director observations and replies, Official Liquidator report, and service on regulators with no objections; the Tribunal found the scheme not violative of law, compliant with Companies (Compromise, Arrangements and Amalgamation) Rules, 2016 and regulatory circulars, and therefore sanctioned the amalgamation with appointed date 29 April 2022 and dissolution of the transferor without winding up. en-us Mon, 29 Jul 2024 00:00:00 +0530 Thu, 05 Mar 2026 19:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467079 Whether a composite scheme of arrangement between a wholly owned transferor and its holding transferee met statutory sanctioning requirements under Sections 230-232 was decided by reference to board approvals, stock exchange disclosures, auditor certification of accounting treatment, Regional Director observations and replies, Official Liquidator report, and service on regulators with no objections; the Tribunal found the scheme not violative of law, compliant with Companies (Compromise, Arrangements and Amalgamation) Rules, 2016 and regulatory circulars, and therefore sanctioned the amalgamation with appointed date 29 April 2022 and dissolution of the transferor without winding up. Case-Laws Companies Law Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467079