Cross-border merger compensation and pre-merger regulatory compliance requirements under the foreign exchange framework. Compensation in a cross-border merger may be paid by the resultant company to security holders in accordance with the scheme sanctioned by the competent authority. The companies involved must ensure that any prior regulatory action relating to non-compliance, contravention, or violation under the Act or the rules and regulations made thereunder is completed before the merger is effected.
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Provisions expressly mentioned in the judgment/order text.
Cross-border merger compensation and pre-merger regulatory compliance requirements under the foreign exchange framework.
Compensation in a cross-border merger may be paid by the resultant company to security holders in accordance with the scheme sanctioned by the competent authority. The companies involved must ensure that any prior regulatory action relating to non-compliance, contravention, or violation under the Act or the rules and regulations made thereunder is completed before the merger is effected.
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