Analysis of noteworthy M&A Ruling in 2015

1. Corporate restructuring schemes u/s 391-394 of the Cos. Act, 1956 are one of the most deliberated topics in the corporate laws. Such scheme includes merger, amalgamation, demerger and arrangements by co. with its shareholders or creditors. In 2015, there have been significant and noteworthy rulings on the topic;
2. Bombay HC ruled on Regional Director’s authority to raise income tax related objections in scheme of amalgamation;
3. In another case, the Bombay HC considered the critical issue whether Transferee Co. should allot shares towards consideration of demerger/amalgamation;
4. Madras HC allowed change of name of Transferee Co. as a part of amalgamation scheme and without following a separate procedure;
5. Article contains detailed analysis (broad facts, objections raised) of significant and noteworthy rulings in 2015 on the schemes relating to merger and amalgamation;
6. Click here to read the article, published in FOCUS (ICSI, WIRC’s Newsletter). Your views, suggestions and inputs on the article are appreciated.
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With Best Regards,
CS Gaurav. N. Pingle.
+91 9975565713.
www.csgauravpingle.com is a repository of articles (authored by me) that have been published in various professional journals, business journals, newsletters / magazines of ICSI, Souvenirs for various regional & national level conclaves / conferences.