This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 234 Cross-Border Merger Approved Subject to Tax & FEMA Compliance: NCLT Mumbai
Case Law Details
- Case Name
- In re Pranesh Eservices Pvt. Ltd. (NCLT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
In re Pranesh Eservices Pvt. Ltd. (NCLT Mumbai)
The Mumbai Bench of the National Company Law Tribunal (NCLT) sanctioned a Scheme of Amalgamation under Sections 230 to 232 read with Section 234 of the Companies Act, 2013 involving the merger of a UAE-incorporated wholly owned subsidiary with its Indian parent company. The petition sought approval for the transfer of the entire undertaking of the foreign company to the Indian company as a going concern. The Scheme had been approved by the respective Boards of Directors, and the Appointed Date was fixed as 01.04.2025.
The petitio...
Author Info
