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    <title>2014 (8) TMI 1266 - BOMBAY HIGH COURT</title>
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    <description>Composite scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956 was sanctioned where petitioners demonstrated board and procedural approvals, affidavits of compliance, absence of oppositions, resolution of jurisdictional concern by producing sanction from the other registry and an undertaking on amendment powers, and the Official Liquidator reported proper conduct of transferor companies; the scheme was held not prejudicial to shareholders or public policy and the company scheme petition was made absolute in terms of the prayer.</description>
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      <description>Composite scheme of amalgamation under Sections 391 to 394 of the Companies Act, 1956 was sanctioned where petitioners demonstrated board and procedural approvals, affidavits of compliance, absence of oppositions, resolution of jurisdictional concern by producing sanction from the other registry and an undertaking on amendment powers, and the Official Liquidator reported proper conduct of transferor companies; the scheme was held not prejudicial to shareholders or public policy and the company scheme petition was made absolute in terms of the prayer.</description>
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