RACHANA DAGA (CS) (555 Points)
04 November 2014Dear Experts,
We are in process of merger of two companies. Court also approve the scheme and now we are wating for further process of finalisation. Pramoters of the companies are want to add there other group of companies into this merger . Can we add new companies into this merger process.
Kindly do us needful.
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 04 November 2014
you cant add.. until and unless the court approves it... when once u had a approval plan from court you cant change it until new permission
ca anoop singla
(partner)
(37 Points)
Replied 06 November 2014
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 06 November 2014
No, if you add new companies, it willl be a completely new scheme and you will have to repeat the whole process again.
CAclubindia
