NCLT Chandigarh Approves Jassi Group Companies Amalgamation

NCLT Chandigarh sanctioned a scheme of amalgamation for Jassi Deposits Pvt Ltd and Jassi Investment and Finance Pvt Ltd into Jassi Finance Pvt Ltd.
The scheme received no-objection certificates from RBI, Income Tax Department, Regional Director, and Official Liquidator after statutory notices.
Share exchange ratio set at 1:1, with appointed date of 01.01.2025 and transferee company assuming all assets, liabilities, and tax obligations.
Jassi Finance Pvt Ltd, an RBI-registered NBFC, will continue operations while transferor companies' NBFC licenses remain suspended.