a foreign company holding 90% of shares in an indian company. what would be the procedure if foreign company merging with another foreign company and after merger to transfer the shares held in indian company
a foreign company holding 90% of shares in an indian company. what would be the procedure if foreign company merging with another foreign company and after merger to transfer the shares held in indian company
In Indian Company register of members there will be nothing in the members register for the transmission of shares.
Like register of transfer u may maintain register of transmission of shares which means transfer due to operation of law.
Simply Amalgamated company will produce a document of amalgamation and a request letter for transmission of shars on the basis of that transmission will be done and noting will take place on register of members.
Regards;
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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