Pdf law relating to cross border mergers under companies act. Simplified procedure for amalgamation of government. The companies act, 1956 consolidates provisions relating to mergers and acquisitions and other. The statutory provisions relating to merger and amalgamation are contained in sections 390 to 396a. Company by way of merger under this scheme as defined herein. This scheme is known as single window clearance scheme. The terms merger and amalgamation have not been defined in the companies act, 1956 hereinafter referred to as the act though this voluminous piece of legislation contains 69 definitions in section 2. Further it compares the merger provisions of companies act 1956 and. Law relating to cross border mergers under companies act, 1956. Merger and amalgamation as for indian economy, by explaining a few arrangements of new companies act, 20. It provides a composite code for facilitating mergers and amalgamations which obviates the need for making multiple applications under the act.
The provisions relating to merger and amalgamation are contained in sections 390 to 396a in chapter v of part vi of the companies act, 1956. All about mergers and amalgamations by lavina bhargava download pdf the author, lavina bhargava, is a 3rd year student of nmims, kirit p. Mergers and acquisitions ministry of corporate affairs. Introduction to companies act 19561 board of directors. However it deals with schemes of merger acquisition which are stipulated under section 391 to 394. The word merger hasnt been defined in the companies act, 1956. Short title, commencement and extent 1 this act may be called the companies act, 1956. Companies act, 1956 and also the provisions of the companies act. The companies act, 1956 does not define the term merger or amalgamation.
Amalgamation and mergers consolidation business taxes. Introduction to companies act 19561 free download as powerpoint presentation. Any proposal of amalgamation or merger begins with the process of due diligence, as the proposal for merger without due diligence is like entering a tunnel with darkness growing with each step. Companies compromises, arrangements and amalgamations rules, 2016, effective from 15122016 have also been notified by the mca. The terms merger and amalgamation have not been defined in the companies act, 1956 hereinafter referred to as the act though this.
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