Please tell me what is the procedure of amalgamation of two private co.s and what are the required filings of MCA?
CA Mohit Agrawal (Chartered Accountant) (371 Points)
10 February 2012Please tell me what is the procedure of amalgamation of two private co.s and what are the required filings of MCA?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 15 February 2012
You have to prepare scheme of arrangement u/s 391 to 394 of Companies Act for merger and get the same approved by High Court. A standard checklist shared by some friend is attached for reference.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 15 February 2012
File attached please.
Swagatam Khandelwal
(Company Secretary)
(107 Points)
Replied 18 February 2012
Please refer the attached file regarding the steps of merger. The forms to be filed are:
1. Form 23- for shareholders resolution
2. Form 21- for filing merger order
3. Form 2- in case of allotment of shares pursuant to scheme of merger.