Student CA IPC / IPCC
171 Points
Joined April 2013
Provisions of companies act, 1956 regarding mergers and amalgamation, Corporate Demerger and Reverse Merger will be applicable I. e. Section 390-396A will be applicable. However, The provisions relating to alteration of share capital and buy back of shares have already been notified under companies act, 2013. As far as the provisions relating to reduction of capital are concerned, though provisions relating to NCLT and NCLAT constitution are notified on 1st June, 2016 wait till further notification of ICSI. If it will be applicable for December, 2016, supplimentary will be published by ICSI.