DISPENSE OF SHAREHOLDER MEETING
DISPENSE OF SHAREHOLDER MEETING Short Summary: By Notification dated 7 th December, 2016 MCA has notified the sections of M&A under Companies Act, 2013 (Section 230-240). In this Flash editorial, the auditor begins by referring the provisions of section 230-240 relating to Meeting of Shareholders & Creditors and also makes an attempt to light up on provisions of dispense of Shareholder Meeting via decided case laws. The main thrust of the article, however, is upon the provisions of section 230(9) which deals with dispension of meeting of creditors and most recent case laws decided by the Benche of National Company Law Tribunal in the case of JVA Trading Pvt. Ltd. and C&S Electric Limited . Author has already shared the process relating to Compromise & Arrangement in its earlier editorial. This is article no. 211 of the series of editorials written by the author on corporate laws. Introduction: Thus far, schemes of arrangement were carried out under s