Cross-border merger rules permit mergers between domestic and specified foreign companies with approval and mixed consideration options. Cross-border mergers and amalgamations between domestic companies and companies incorporated abroad are governed mutatis mutandis by this Chapter, subject to other laws. The executive may make rules in consultation with monetary authorities. A foreign company may merge into a domestic company or vice versa with prior approval from the monetary regulator, and the merger scheme may provide for shareholder consideration in cash, Depository Receipts, or both. 'Foreign company' includes any corporate body incorporated outside the country, regardless of whether it has a local place of business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Cross-border merger rules permit mergers between domestic and specified foreign companies with approval and mixed consideration options.
Cross-border mergers and amalgamations between domestic companies and companies incorporated abroad are governed mutatis mutandis by this Chapter, subject to other laws. The executive may make rules in consultation with monetary authorities. A foreign company may merge into a domestic company or vice versa with prior approval from the monetary regulator, and the merger scheme may provide for shareholder consideration in cash, Depository Receipts, or both. "Foreign company" includes any corporate body incorporated outside the country, regardless of whether it has a local place of business.
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