The Minister of Corporate Affairs, Shri Salman Khurshid has said that there is no provision under the Companies Act, 1956 for merger of Indian companies with foreign companies. However, a foreign company may merge with an Indian company. Giving this information in written reply to a question in the Rajya Sabha on merger of companies, Shri Khurshid informed the House that as part of Corporate Restructuring, one of the options available to corporate is merger. The corporate resort to merger according to their restructuring plans taking into consideration economics of scale, corporate sustainability and its long term objectives.
Join TaxGuru's Network for the latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.
Related Articles in Company Law
Karnataka HC Upholds Tender Clause Disqualifying Bidders Linked to Promoter Director Defaulters
July 25, 2026
NCLT Sanctions Amalgamation of Indo Bevs with Indospirit Beverages After Creditor Approval
July 24, 2026NCLT Orders Shareholder & Creditor Meetings for Proposed Amalgamation
July 24, 2026
NCLT Allows Share Capital Reduction for Exit Opportunity to Minority Shareholders
July 24, 2026NCLT Allows Selective Share Capital Reduction for Delisted Company
July 24, 2026
