NCLT Denies Merger Approval Over Tax Evasion and Money Laundering Concerns

Last updated: 09 August 2024

The National Company Law Tribunal (NCLT) has rejected a merger application involving three companies, citing serious concerns about the legality of the proposed amalgamation. According to the tribunal, the merger aimed to "legitimize paper transactions" to artificially inflate share values, evade ta

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Category Income Tax   Report

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