https://www.taxtmi.com/caselaws?id=472277 Amalgamation schemes under Sections 230 and 232 may be sanctioned once the prescribed process is met, including valid grounds for dispensing with shareholder and creditor meetings, notice to statutory authorities, and resolution of their observations. Concerns relating to statutory dues, pending tax proceedings, related-party transactions, foreign shareholding, authorised share capital and accounting treatment must be addressed through replies or undertakings. Accounting treatment must comply with applicable standards under Section 133. Following these requirements, the scheme became binding on shareholders and creditors, and the transferor companies were to dissolve without winding up upon registration. en-us Thu, 16 Mar 2023 00:00:00 +0530 Tue, 06 Oct 2026 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472277 Amalgamation schemes under Sections 230 and 232 may be sanctioned once the prescribed process is met, including valid grounds for dispensing with shareholder and creditor meetings, notice to statutory authorities, and resolution of their observations. Concerns relating to statutory dues, pending tax proceedings, related-party transactions, foreign shareholding, authorised share capital and accounting treatment must be addressed through replies or undertakings. Accounting treatment must comply with applicable standards under Section 133. Following these requirements, the scheme became binding on shareholders and creditors, and the transferor companies were to dissolve without winding up upon registration. Case-Laws Companies Law Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472277