Merger provisions under section 352 updated to cover specified person mergers with non-profit and other entities. Section 352 is amended by substituting serial number 8 in the table under sub-section (4) to cover mergers of the specified person with entities other ... Summary
Merger provisions under section 352 updated to cover specified person mergers with non-profit and other entities.
Section 352 is amended by substituting serial number 8 in the table under sub-section (4) to cover mergers of the specified person with entities other than a registered non-profit organisation, with registered non-profit organisations having same or similar objects but not meeting prescribed conditions, or with registered non-profit organisations lacking same or similar objects. In each case, the relevant date remains the date of merger.
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