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Takeover of an foreign company

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2014 Please guide me about the procedures and aspects involved in a process of takeover by an loss making Indian company of a profit making foreign company.
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CS M Pota

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CS M Pota (Expert)
15 February 2014 First of all you check in the object clause of your Memorandum that does it authorise for take over?

You have to take approved from Board of the Company and also to follwo Procedures under FEMA

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