Web14 apr. 2024 · I n December 2024, the National Company Law Tribunal (NCLT) in the matter of Sun Pharmaceutical Industries held that the Companies Act, 2013 (act), read with the Foreign Exchange Management (Cross Border Merger) Regulations, 2024 (regulations), do not permit cross-border demergers. Nisha Mallik Partner Samvad Partners Web1 mrt. 2024 · The merger has also been cleared by the stock exchanges and the competition commission. Earlier this week, the transaction was approved by the shareholders. However, even if the NCLT issues an order in favour of the merger, the process is unlikely to be completed before June.

JSL-JSHL merger process achieves a major milestone

Web22 dec. 2024 · Section 230, 231, and 232 of the Companies Act, 2013 provides the role of NCLT in a merger and acquisition. All the proceedings like Arbitration, Compromise, … Web24 sep. 2024 · “Sale as a going concern”, is relatively a new concept while the Company is undergoing liquidation, introduced by the Legislature under the Insolvency & Bankruptcy Code, 2016 (IBC/ Code’) via amendment to Regulation 32 of Insolvency & Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (‘Liquidation Regulations’) vide … city of oceanside special events permit

SCHEME OF MERGER BY ABSORPTION UNDER SECTIONS 230 TO …

WebSince merger of a foreign LLP into an Indian company is permitted under section 234 of the 2013 Act, it would not be appropriate to assume that an Indian LLP cannot be merged into an Indian company. The Regional Director (RD) and the Registrar of Companies (RoC) filed an appeal2 with the NCLAT against the order of the NCLT. Web1 jun. 2024 · The resolution plan having merger /demerger embedded into it can be directly implemented if approved by NCLT with appropriate filings with ROC. VI. POST … city of oceanside right of way permit