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of <h1>New Rules for Shareholder Takeover Offers Under Companies Act: Key Changes and Requirements.</h1> The Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020, effective from February 3, 2020, amend the 2016 rules under the Companies Act, 2013. A new sub-rule requires a company member holding at least three-fourths of shares to apply for a takeover offer to acquire remaining shares. The application must include a valuation report by a registered valuer and details of a bank account holding at least half of the takeover offer's total consideration. Additionally, the fee for application under section 230 is set at Rs. 5,000.
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