Merger and amalgamation of sec 25 company
This query is : Resolved
04 February 2013
Can a Sec. 25 company limited with guarantee merged or amalgamated with a private company??
04 February 2013
Hi
Section 25 companies may be amalgamated with another section 25 companies subject to the compliance with the provisions of the Act.
Section 25 companies may be amalgamated with another section 25 companies subject to the compliance with the provisions of the Act.
04 February 2013
Ok.
It means it cannot be merged with a private company..right?? Even though they both are affiliates of each other??
It means it cannot be merged with a private company..right?? Even though they both are affiliates of each other??
04 February 2013
Yes, the other company should be section 25.
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04 February 2013
OK..Thanx a lot..But isn't there any other way to do the merger?? I mean by application to Govt or anything like that?? because the merger would be in the public interest..
04 February 2013
Hi
No, because section 25 company is for specific purpose and if you are going to merge with another company then that company should also cover under section 25 Company.
No, because section 25 company is for specific purpose and if you are going to merge with another company then that company should also cover under section 25 Company.
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04 February 2013
My pleasure...............
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