Taking the right route to cross-border mergers
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The new law, which lists out requirements, should ensure smooth implementation
In a significant move, the Indian Government opened the doors to cross-border mergers by notifying section 234 of the Companies Act, 2013 and related rules, on April 13, 2017. Prior to this move, company law permitted a foreign company to merge with an Indian company, but not the other way round. Remember that it was always possible for companies to acquire each other’s shares (whether inbound ...
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