2013 (9) TMI 1310

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.... Solicitor General of India for Registrar of Companies and K. Moni for the Official Liquidator. JUDGMENT 1. All the shareholders of the transferor and transferee company have unanimously approved a scheme for amalgamation. The reasons of amalgamation have been succinctly stated in paragraph 13 of the company petition which can profitable be extracted hereunder : The transferor and the transfer....

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....ment of their business. The scheme of amalgamation will enable the two companies to consolidate their business activities and combine their resources for further growth and development of their business. The merged entity would have a higher net worth and hence can raise funds for expansion/development. The combined entity will have better financial leverage to take advantage of the market situati....