Foreign approval requirement: Cross-border mergers with companies from land-bordering countries require Form CAA-16 declaration at application stage. A mandatory declaration under Rule 25A must be submitted in Form No. CAA-16 with the application under section 230 where a compromise, arrangement, merger or demerger involves a company incorporated in a country sharing a land border with India. The declaration must state whether prior approval under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 is not required or, if required, confirm that such approval has been obtained and is enclosed.
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.
Foreign approval requirement: Cross-border mergers with companies from land-bordering countries require Form CAA-16 declaration at application stage.
A mandatory declaration under Rule 25A must be submitted in Form No. CAA-16 with the application under section 230 where a compromise, arrangement, merger or demerger involves a company incorporated in a country sharing a land border with India. The declaration must state whether prior approval under the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 is not required or, if required, confirm that such approval has been obtained and is enclosed.
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