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of <h1>Section 234 of Companies Act 2013: Guidelines for Mergers Between Indian and Foreign Companies with RBI Approval Required.</h1> The Companies Act, 2013, Section 234, addresses mergers and amalgamations between Indian companies and foreign companies. It applies to companies in jurisdictions notified by the Central Government, with rules potentially established in consultation with the Reserve Bank of India (RBI). A foreign company can merge with an Indian company, or vice versa, with RBI approval. The merger terms may include payment to shareholders in cash, Depository Receipts, or a combination. A 'foreign company' is defined as any corporate entity incorporated outside India, regardless of its business presence in India.
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