Tag Archives: cross country merger

OTHER ISSUES IN COMPROMISE, ARRANGEMENT, MERGER AND AMALGAMATION


These schemes of corporate reconstruction have many inbuilt complex issues. The law has to care about all these complexities.

SHARES OF DISSENTING SHAREHOLDERS (SECTION 235):

Where a scheme or contract involving the transfer of shares or any class of shares in a transferor company to a transferee company has been approved by the shareholders or class of shareholders, the transferee company may give notice to any dissenting shareholder that it desires to acquire his share. The conditions are –

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MERGER OR AMALGAMATION


We will discuss merger and amalgamation in this post

MERGER AND AMALGAMATION (SECTION 232):

The Tribunal, Merger, amalgamation or demerger is proposed in the application of compromise and arrangement under Section 230 (i) of the company, or (ii) of the creditors, or (iii) of the members of the company (iv) of the liquidator of company under liquidation, may order the meeting (A) Creditors or class of creditors, or (B) of the members or class of members, (x) to be called, (y) held and (z) conducted in the manner directed by the Tribunal.

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