Scheme of arrangement applications under company law now require prescribed form, documents and a tribunal fee for unlisted takeovers. The amendment inserts Rule 80A requiring applications under section 230 to be filed in Form NCLT-1 with the documents listed in Annexure B, adds a fee entry for takeover offer applications in unlisted companies to the Schedule of Fees, and expands Annexure-B to specify an affidavit, memorandum of appearance with board resolution or vakalatnama, documents supporting the grievance, and other relevant documents.
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Scheme of arrangement applications under company law now require prescribed form, documents and a tribunal fee for unlisted takeovers.
The amendment inserts Rule 80A requiring applications under section 230 to be filed in Form NCLT-1 with the documents listed in Annexure B, adds a fee entry for takeover offer applications in unlisted companies to the Schedule of Fees, and expands Annexure-B to specify an affidavit, memorandum of appearance with board resolution or vakalatnama, documents supporting the grievance, and other relevant documents.
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