demergers

Others 363 views 1 replies

Dear Friends,

 

have a question

The Company made a composite scheme involving de-mergers of one of the undertaking of the transfer company, for the transfer of the demerged undertaking to a subsidiary company and for the reduction in the capital of the transferor company. Is the Act of the Company Valid ??

 

Thanks & Regards

Replies (1)

Yes the act of the company is valid recent case of RNRL involves merger and reduction of capital both.


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