Increase in Authorized Share Capital on sanction of scheme of amalgamation does not require compliance under Section 94 & 97 of Companies Act, 1956
M/S. THANTIYADI REALTORS PRIVATE LIMITED & M/S. SOMASIMARA REALTORS PRIVATE LIMITED v UNKNOWN, DECISION BY MADRAS HIGH COURT. Decided on 11/03/2011 The petitioners, M/s. Thantiyadi Realtors Private Limited, transferor company and M/s. Somasimara Realtors Private Limited, Transferee Company had approached the court to sanction the scheme of amalgamation so as to make it binding on […]