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2009 (4) TMI 456 - HC - Companies LawAmalgamation - Held that:- In the present case while considering the objections raised by the chartered accountant, the court is of the view that these objections would not affect the scheme and on the basis of these objections, it is not possible for this court to come to the conclusion that the affairs of the company have been conducted in a manner prejudicial to the interest of the shareholders or to the public interest. Certain irregularities which are pointed out by the chartered accountant have been taken care of by the transferee company. There is no substance with regard to avoidance of the stamp duty nor there is any evidence in the objection that the whole scheme was proposed by the petitioners only with a view to avoid the capital gain tax.
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