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
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corporate Law
Replies (2)
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;
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