In case of Merger of Private Limited Companies (UNLISTED)
Company can directly apply before the Hon'ble High Court under section 391. As it is unlisted, Drafting of Arrangement Scheme with the stock exchange not required. Is it so....???????
Menu
Unlisted pvt. ltd. co. merger..??
Replies (2)
Dear Namita,
Clause 24 f of listing agreement says that 30 days before filing the scheme to High Court the listed company shall file detailed application to stock exchange(s) where the company is listed.
No such requirement in case of unlisted companies.
So Private limited company can directly file the summons in form no 33 to High Court.
Ok.... Thankx a lot sir..
Recent Topic
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
Related Topics
CAclubindia
