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consideration in case of merger

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(Querist)
26 February 2011 Can we allot redeemable preference share to transferor company in lieu of consideration in case of merger.....
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Sudipto Mukherjee

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Sudipto Mukherjee (Expert)
28 February 2011 Allotment of shares in case of Merger will have to be made in accordance with the scheme approved by the High Court.
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