https://www.taxtmi.com/caselaws?id=468341 A scheme of amalgamation may be sanctioned under the Companies Act, 2013 where corporate approvals are in place, no sustainable objection survives, and statutory concerns are addressed through clarifications and undertakings. Here, the Tribunal accepted the petitioner companies' responses to the Regional Director's objections on accounting treatment, notices, appointed and effective dates, reserve treatment, foreign shareholding, stock exchange intimation, tax matters, and pending complaints. It found the scheme fair, reasonable, lawful, and not contrary to public interest, and recorded that the transferor company's liabilities and pending proceedings would stand transferred to the transferee company under the scheme. en-us Fri, 28 Jan 2022 00:00:00 +0530 Wed, 29 Apr 2026 17:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468341 A scheme of amalgamation may be sanctioned under the Companies Act, 2013 where corporate approvals are in place, no sustainable objection survives, and statutory concerns are addressed through clarifications and undertakings. Here, the Tribunal accepted the petitioner companies' responses to the Regional Director's objections on accounting treatment, notices, appointed and effective dates, reserve treatment, foreign shareholding, stock exchange intimation, tax matters, and pending complaints. It found the scheme fair, reasonable, lawful, and not contrary to public interest, and recorded that the transferor company's liabilities and pending proceedings would stand transferred to the transferee company under the scheme. Case-Laws Companies Law Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468341