Foreign investment approval requirement declared in merger petitions, stating whether FEMA NDI prior approval is required and obtained. Declaration under Rule 25A requires an authorised representative in a merger/amalgamation petition to state whether the company is not required to obtain ... Summary
Foreign investment approval requirement declared in merger petitions, stating whether FEMA NDI prior approval is required and obtained.
Declaration under Rule 25A requires an authorised representative in a merger/amalgamation petition to state whether the company is not required to obtain prior approval under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, or is required to obtain such approval and has obtained and enclosed it; the form identifies merger parties and requires signature, date, place and the approval as an enclosure when applicable.
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