LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Companies Act 1956- amalgamation

(Querist) 11 June 2009 This query is : Resolved 
Dear Sir,

In case of amalgamation between two Companies the, if the share capital of the transferre company is increased due to issue of share capital to the share holders of transferror company, is the transferree company required to coply with the provision of the Companies Act seperately or it will be exempted as the compromise or arrangement it self is complete code and hence it will not require to follow any procedure of the Companies Act seperately by the transferree company.Kindly advise.
Regards,
Asish
Manish Singh (Expert) 11 June 2009
the transferee company is not exempted to comply with other provisions of the Companies Act just because some arrangement has taken place. Sec 391 and othr amalgamated provisions of the companies act is not a comlete code.
sanjeev murthy desai (Expert) 11 June 2009
yes i agree with Mr. Manish


You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :