Slump Sale

Ruchie Khanna (Company Secretary) (123 Points)

02 November 2010  

Dear All,

In case of Corporate restructuring, two companies have options of Mergers, Amalgamations, Demerger, slump Sale(Hiving Off)

My query is that  if two companies choose to have a SlumpSale, what would be the consequence of the same on the Company whose assets & Business is being Sold. Would that Company cease to exist??

Also, in case of slumpsale, the provisions of Section 293(1)(a) of Companies Act would be applicable??

Please Help!!

Thanks & Regards,

Ruchie