Allowed
M/S.Vasr Consultants and Financial v. -
Telangana HCCOMPA/648/2015
Case brief
AI extract
What is this about?
The High Court disposed of an application by a private limited company seeking dispensation from holding an equity shareholders' meeting to approve a proposed amalgamation scheme. The Court observed that since all three shareholders had provided consent, holding a meeting would serve no purpose, and thus granted the application.
What did the court decide?
Dispensation from holding a meeting of equity shareholders to approve the amalgamation scheme was granted.