Cross border merger compliance and deemed Reserve Bank approval under foreign exchange regulations Transactions undertaken on account of a cross border merger in accordance with the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 are deemed to have prior approval of the Reserve Bank for the purposes of Rule 25A of the Companies (Compromises, Arrangement and Amalgamations) Rules, 2016. A compliance certificate from the Managing Director or Whole Time Director and, where available, the Company Secretary must be furnished with the application made to the competent authority under the Companies (Compromises, Arrangement or Amalgamation) Rules, 2016.
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Cross border merger compliance and deemed Reserve Bank approval under foreign exchange regulations
Transactions undertaken on account of a cross border merger in accordance with the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 are deemed to have prior approval of the Reserve Bank for the purposes of Rule 25A of the Companies (Compromises, Arrangement and Amalgamations) Rules, 2016. A compliance certificate from the Managing Director or Whole Time Director and, where available, the Company Secretary must be furnished with the application made to the competent authority under the Companies (Compromises, Arrangement or Amalgamation) Rules, 2016.
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