https://www.taxtmi.com/caselaws?id=467079 A composite amalgamation scheme under Sections 230 to 232 of the Companies Act, 2013 was sanctioned where the required approvals were obtained, notices were served, and no objection was raised by shareholders, creditors or the Income Tax Department. The Tribunal accepted undertakings on accounting treatment, creditor protection, tax compliance and statutory notices, and found the scheme fair, reasonable and consistent with law and public policy. The appointed date of 29 April 2022 was also accepted, as the scheme could specify an appointed date and prior RERA approval was not required on the facts. The transferor company was ordered to be dissolved without winding up, with liabilities and proceedings continuing in the transferee company. 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 A composite amalgamation scheme under Sections 230 to 232 of the Companies Act, 2013 was sanctioned where the required approvals were obtained, notices were served, and no objection was raised by shareholders, creditors or the Income Tax Department. The Tribunal accepted undertakings on accounting treatment, creditor protection, tax compliance and statutory notices, and found the scheme fair, reasonable and consistent with law and public policy. The appointed date of 29 April 2022 was also accepted, as the scheme could specify an appointed date and prior RERA approval was not required on the facts. The transferor company was ordered to be dissolved without winding up, with liabilities and proceedings continuing in the transferee company. Case-Laws Companies Law Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467079