What are the various stages involved in the merger of a company under the Companies Act, 2013?

CS Professional · Corporate Restructuring, Insolvency, Liquidation & Winding-up · PYQS · December 2019
What are the various stages involved in the merger of a company under the Companies Act, 2013?

Answer & Explanation:

Broad stages involved in merger of a company are listed below: Stage 1 - Drafting of the Scheme Stage 2 - Obtaining the approval of the Board of Directors of the companies involved Stage 3 - Obtaining approval of the stock exchanges in case of listed companies Stage 4 - Application / Petition for convening the meeting of members/creditors shall be filed with National Company Law Tribunal Stage 5 - Convening meetings of the shareholders and creditors and obtaining their consent on Scheme Stage 6 - Approvals or No objection from Regional Director / Official Liquidator Stage 7 - Filing of final petition with NCLT for approving the Scheme Stage 8 - Obtaining order for approval for scheme of merger/amalgamation from the National Company Law Tribunal.

Topics: Mergers

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