Acquisition of shares by virtue of schemes of reorganisation and arrangement Whether approval under sub section (4) necessary

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....Dated:- 16-2-1974 Circular<br>Companies Law<br>Circular : No. 8/64/73&#8209;CL&#8209;VI, dated 16&#8209;2&#8209;1974. Subject:- Acquisition of shares by virtue of schemes of reorganisation and arra....

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.... such cases. It has also been decided that since in such cases, notices are received by the Regional Directors under section 394, they may scrutinise such schemes and bring to the notice of the courts....