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2019 (12) TMI 1586 - NATIONAL COMPANY LAW TRIBUNAL DELHIApproval of the Scheme of Amalgamation - Sections 230 to 232 of the Companies Act, 2013 r/w the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 - HELD THAT:- Para 6 of the Scheme provides that the amalgamation of each of the amalgamating companies shall be accounted for in the books of account of the amalgamated company in accordance with "Pooling of Interests Method" of accounting as per the accounting standard (AS) 14, "Accounting for Amalgamations" as prescribed under the Companies Rules, 2006 applicable to the amalgamated Company pursuant to Rule 3(2) of the Companies Rules, 2015 notified under section 133 of the Companies Act - There is no additional requirement for any modification and the Scheme of Amalgamation appears to be fair and reasonable and is not contrary to public policy and not violative of any provisions of law. All the statutory compliances have been made under Sections 230 to 232 of the Companies Act, 2013. The Company Petition is allowed and the Scheme of Amalgamation annexed with the Petitions is hereby Sanctioned.
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