Amalgamation representation: parties may submit representations to government before sanction under merger provisions in statutory procedure. Court sanction is required for compromise or arrangement schemes that effect reconstruction, amalgamation or transfer of undertakings, and the court must give notice to the Central Government and consider its representations; the circular states that the power to make such Government representations, earlier exercised by the Company Law Board, is delegated to the Regional Directors, Company Law Board.
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.
Amalgamation representation: parties may submit representations to government before sanction under merger provisions in statutory procedure.
Court sanction is required for compromise or arrangement schemes that effect reconstruction, amalgamation or transfer of undertakings, and the court must give notice to the Central Government and consider its representations; the circular states that the power to make such Government representations, earlier exercised by the Company Law Board, is delegated to the Regional Directors, Company Law Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
