The draft Scheme of Amalgamation provides for transfer and vesting of the entire undertaking of SPL into the Company and the dissolution of SPL without winding up, upon the Scheme of Amalgamation becoming effective, in accordance with Section 2(1 B) of the Income Tax Act, 1961 and Sections 230 to 232 of the Companies Act, 2013 ("Amalgamation"). The Appointed Date for Amalgamation under the Scheme is 1 October, 2020.