NCLT Approves Logicserve Digital Merger with Subsidiaries

NCLT Mumbai approves merger scheme of F1Circle Designs and Higa Digital with parent Logicserve Digital Consultancy Services.
Tribunal dispenses with shareholder and creditor meetings as transferor companies are wholly-owned subsidiaries.
Merger aims to achieve operational synergies, cost savings, and reduce regulatory compliance multiplicity.
Transferee company directed to serve notices to regulatory authorities including ROC, Income Tax, and GST.