Draft a checklist for a transferee company in the process of Takeover.

CS Professional · Corporate Restructuring, Insolvency, Liquidation & Winding-up · PYQS · December 2019
Draft a checklist for a transferee company in the process of Takeover.

Answer & Explanation:

Check-list for a transferee company in the takeover process is given as under: Minutes of Board meeting containing consideration and approval of the offer sent to the transferor company. Offer of a scheme or contract sent to the transferor company. Notice to dissenting shareholders if any, of the transferor company. Notice to the remaining shareholders of the transferor company, who have not assented to the proposed acquisition, if any. Form No: CAA 14 received from the transferor company, which has been circulated to its members by that company. Minutes of general meeting of the company containing approval of the shareholders to the offer of scheme or contract sent to the transferor company. Court order, if any. Register of Investments. Duly filled in and executed instrument(s) of transfer for shares held by the dissenting shareholders. Balance Sheets showing investments in the shares of the transferor company.

Topics: Takeovers

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