https://www.taxtmi.com/caselaws?id=469705 A scheme of arrangement involving demerger, amalgamation and consequential share capital adjustments was sanctioned under the Companies Act, 2013 because it had Board approval, statutory compliance was stated, and no objection was raised by the Regional Director or Official Liquidator. The Tribunal found the scheme fair, reasonable, protective of stakeholder interests, and not contrary to public policy or any provision of law. The accounting treatment was certified as compliant with applicable standards, and the capital reduction component was treated as integral to the arrangement rather than requiring a separate procedure. The scheme was made binding on the shareholders, creditors and employees of the companies concerned. en-us Fri, 26 Apr 2019 00:00:00 +0530 Tue, 30 Jun 2026 12:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469705 A scheme of arrangement involving demerger, amalgamation and consequential share capital adjustments was sanctioned under the Companies Act, 2013 because it had Board approval, statutory compliance was stated, and no objection was raised by the Regional Director or Official Liquidator. The Tribunal found the scheme fair, reasonable, protective of stakeholder interests, and not contrary to public policy or any provision of law. The accounting treatment was certified as compliant with applicable standards, and the capital reduction component was treated as integral to the arrangement rather than requiring a separate procedure. The scheme was made binding on the shareholders, creditors and employees of the companies concerned. Case-Laws Companies Law Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469705