NCLT Kolkata sanctions amalgamation of three transferor companies into NBFC Ashish Finco Private Limited effective July 1, 2024.
Scheme aims to increase Net Owned Fund to ₹10 crore per RBI March 2022 notification requirements.
All shareholders and creditors provided consent, with no pending proceedings against petitioner companies.
Transferee company undertakes to comply with Income Tax conditions including Section 72A provisions.