What is the majority required for approving the scheme of amalgamation

What is the majority required for approving the scheme of amalgamation

in a meeting of members of a company called as per directions of the court?

Is the scheme to be approved by preference shareholders?

(iii) When will the court order dissolution of the transferor company?

[May, 2000]

Explain clearly the meaning of ‘compromise’. What procedure must a company

adopt to give effect to a compromise, when such a company is a goinfj (.oncern?

fC.A. (Final) November, 1986J

OR

Explain the terms ‘Compromise’ and ‘Arrangement’. Who can apply to court for compromise or arrangement? What are the powers of the High Court with regard to enforcement of an Arrangement.[C.A. (Final) May 1989. Nov. 1994]