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2017 (1) TMI 905 - HC - Companies LawScheme of Arrangement and Amalgamation - Held that:- After perusing the entire material placed on record, sanction is hereby granted to the proposed scheme, subject to following conditions: i. That the necessary consent, approval and/or permission is obtained by the Demerged/Transferor Company from the RBI, in terms of Clause 35.1 (a) of the proposed scheme; ii. That the Petitioner/Transferee No.1 Company comply with the FDI norms with respect to the proposed integration of Transferee No.2 Company into the foreign Company, Dassault Systems; iii. That sanction is accorded by the Court of competent jurisdiction to the proposed scheme, in respect of the Demerged/Transferor Company and the Transferee No.2 Company.; and iv. That the Petitioner/Transferee No.1 Company comply with all the statutory requirements with respect to the relief sought in the present petition, in accordance with law. The sanction to the proposed scheme will be effective from the appointed date of the proposed scheme i.e. 31.03.2016.
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