rohith
asked
Hi I am the CA student. Can I know, What is the activity schedule for planning a merger/ amalgamation?
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veeru
answered
Objects clause to be examined
Preparation of scheme
Board meeting of both the transferee and transferor company to be held.
Stock Exchange to be intimated immediately after the Board meeting
Press release
Financial Institutions/ Banks / Trustees to Debentureholder, if any to be formally advised their consent sought
Application to High Court
Meeting of members
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Shubhangi Jain
answered
- Objects clause to be examined
- Preparation of scheme
- Board meeting of both the transferee and transferor company to be held.
- Stock Exchange to be intimated immediately after the Board meeting
- Press release
- Financial Institutions/ Banks / Trustees to Debentureholder, if any to be formally advised their consent sought
- Application to High Court
- Meeting of members
- Petition to court
- Direction on the petition
- Notice of hearing in newspapers
- Official liquidator report
- Hearing and Order
- Filing/ Annexing
- Approval of RBI
- Effective date
