Introduction Court annexed Mergers & Acquisitions (M&A) in India are governed by sections 230- 234 of the Companies Act, 2013. While sections 230-232 deal with a domestic merger, section 233 provides a mechanism for a fast track merger and section 234 deals with cross-border mergers which requires RBI approval in accordance with RBI Cross-Border Merger […]
A Special Purpose Acquisition Company (SPAC) is a blank – cheque/shell company existing solely on paper which is listed on the stock exchange for the sole purpose of acquiring with a company and helping it list on the stock exchange with little regulatory troubles.
On 1st of March 2020, the Securities & Exchange Board of India (SEBI) came up with a consultation paper to review the regulatory framework for independent directors (IDs). The existing framework for independent directors includes sections 149, 150 and schedule IV of the Companies Act, 2013 and the SEBI Listing Obligations & Disclosure Requirements (LODR) Regulations.
