reverse merger- corporate
Querist :
Anonymous
(Querist) 23 October 2010
This query is : Open
Dear Sir,
Please advice me on the merger of two subsidiaries companies (having same business functioning of Waste Disposal facility);of one parent company. These two subsidieries are Ltd. companies and are incorporated under Special Purpose Vehicles of parent company. At present one Sub. company is profit making and another is under loss. Both the companies have consumed a part Govt. subsidies. Some subsidy installments are due to Govt. Both the subsidieries are having their plants at MIDC. is NOC of MIDC will be required or Might there be any hinderance on the part of MIDC for this merger? what will be th eprocedure to be adopted for Reverse merger. please advice me.
