ABC Limited is a wholly owned subsidiary of VWX limited. The company made an application of merger under section 232 and the tribunal rejected the application with the view that it should file an application under section 233. Comment on Tribunals Order of rejection of application
March 25, 2020
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For cross border mergers and amalgamation of foreign company with Indian company, the Company Secretary after complying with the Companies Act Provisions came with the conclusion to issue equity shares with differential rights to the shareholders of merging company. Advice on the decision of Company Secretary
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