Merger or amalgamation of company with foreign company permits cross border combos with RBI approval and payment in cash or depository receipts. Cross-border merger rules apply mutatis mutandis to schemes between Indian companies and companies incorporated in jurisdictions notified by the Central Government; the Central Government may make rules in consultation with the Reserve Bank of India. A foreign company may merge into an Indian company or vice versa with prior approval of the Reserve Bank of India, and schemes may provide consideration in cash, in Depository Receipts, or a combination thereof, subject to other applicable laws.