Cross border merger restrictions: transfers or acquisitions of securities, debt or assets require statutory allowance or Reserve Bank permission. Regulation 3 bars persons resident in India or persons resident outside India from acquiring or transferring securities, debt or assets on account of cross border mergers, except where the Act or rules/regulations allow it or where the Reserve Bank grants general or special permission; pending cross border mergers at commencement are governed by these Regulations.
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 restrictions: transfers or acquisitions of securities, debt or assets require statutory allowance or Reserve Bank permission.
Regulation 3 bars persons resident in India or persons resident outside India from acquiring or transferring securities, debt or assets on account of cross border mergers, except where the Act or rules/regulations allow it or where the Reserve Bank grants general or special permission; pending cross border mergers at commencement are governed by these Regulations.
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