merger ,takeover formalities

This query is : Resolved

CA. C.N.PATIL (Querist)
Follow

14 September 2009 sirs ,
we have a query as regards , let us take an example : A & B are unlisted companies , B'S assets & liabilities are taken over by A company , further A shall continue its business forming a new company C after tranferring B'S assets,liabilities into C company .
1)my ques is whether an intimation or permission required to ROC to A company to carry on business?
2)IF A company doesnot form C company & shall continue business in A company itself , whether in this case ROC permission neccessary ?
3)Give details of formalities to be followed in this merger ,takeover as regards ROC compliances ???????

Guest

Guest (Expert)

23 September 2009 Please mention which type of permission, shall have to be taken from ROC, as per viewpoint.

Because In case of Merger, high court shall have the power to sanction.

And Starting a Company C, and transferring to assets from A, would be considered as demerger of A ltd.

But, If you don't want to with the demerger option, then apply sell of the whole or substaintially whole undertaking.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Joyashish Maitra

Saumil Kapadia

Raj Jaggi

Keshav Dubey

Poojitha Raam Vinay

Subscribe Now

merger ,takeover formalities

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Manager- Finance and Compliance

Article Assistant

GST CONSULTANT

CA Final

GST CONSULTANCY