https://www.taxtmi.com/caselaws?id=467747 A scheme of amalgamation under the Companies Act, 2013 was found fit for sanction because the required approvals of shareholders, secured creditors, unsecured creditors, preference shareholders, and the listed transferee company were obtained, and no substantive objection was maintained by the authorities. Concerns about authorised capital, regulatory compliance, foreign shareholding, accounting treatment, and preservation of records were addressed through undertakings, confirmations, and an auditor's certificate showing compliance with applicable accounting standards. The arrangement was held not prejudicial to shareholders, creditors, or public interest, and the scheme was sanctioned and made binding on the companies and all concerned parties. en-us Wed, 22 Jul 2020 00:00:00 +0530 Wed, 01 Apr 2026 12:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467747 A scheme of amalgamation under the Companies Act, 2013 was found fit for sanction because the required approvals of shareholders, secured creditors, unsecured creditors, preference shareholders, and the listed transferee company were obtained, and no substantive objection was maintained by the authorities. Concerns about authorised capital, regulatory compliance, foreign shareholding, accounting treatment, and preservation of records were addressed through undertakings, confirmations, and an auditor's certificate showing compliance with applicable accounting standards. The arrangement was held not prejudicial to shareholders, creditors, or public interest, and the scheme was sanctioned and made binding on the companies and all concerned parties. Case-Laws Companies Law Wed, 22 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467747