Amalgamtion of an indian pvt ltd co
This query is : Resolved
28 March 2012
what are the proceedures for amalgamtion of an indian pvt ltd company with another indian pvt ltd company
02 April 2012
Pls see sections 391 to 394 of the Companies Act, 1956.
Firstly respective Boards have to approve the amalgamation scheme.
Then both companies shareholders have to approve the scheme.
Then file an application with respective High courts. Then HC will ask to obtain consents of creditors.
To conduct a meeting of all secured and unsecured creditors for obtaining their consent for the amalgamation of both the companies.
If no objections are raised by any of the parties, then all such documents are to be filed with respective High Courts (if jurisdictions are different).
Then the scheme will be approved.
Firstly respective Boards have to approve the amalgamation scheme.
Then both companies shareholders have to approve the scheme.
Then file an application with respective High courts. Then HC will ask to obtain consents of creditors.
To conduct a meeting of all secured and unsecured creditors for obtaining their consent for the amalgamation of both the companies.
If no objections are raised by any of the parties, then all such documents are to be filed with respective High Courts (if jurisdictions are different).
Then the scheme will be approved.
14 April 2012
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