Scheme notice and merger eligibility revised: new notice, auditor certificate requirement, and specified filing and reporting procedures apply. Rule 25 is amended to require a prescribed notice (Form CAA.9) inviting objections from the Registrar, Official Liquidator, sectoral regulators where applicable, stock exchanges for listed companies and affected persons; to create simplified eligibility routes for certain unlisted company mergers and specified holding-subsidiary combinations subject to outstanding financing and no-default conditions certified by an auditor in Form CAA-10A; to mandate filing of approved schemes, meeting results and valuer reports in Form CAA.11 (as attachment to Form RD-1) within the stipulated post-meeting period with fees and statements addressing regulator or exchange objections; and to extend these provisions mutatis mutandis to schemes under section 232, with Annexure Forms CAA-9 to CAA-12 replaced by updated templates.
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Scheme notice and merger eligibility revised: new notice, auditor certificate requirement, and specified filing and reporting procedures apply.
Rule 25 is amended to require a prescribed notice (Form CAA.9) inviting objections from the Registrar, Official Liquidator, sectoral regulators where applicable, stock exchanges for listed companies and affected persons; to create simplified eligibility routes for certain unlisted company mergers and specified holding-subsidiary combinations subject to outstanding financing and no-default conditions certified by an auditor in Form CAA-10A; to mandate filing of approved schemes, meeting results and valuer reports in Form CAA.11 (as attachment to Form RD-1) within the stipulated post-meeting period with fees and statements addressing regulator or exchange objections; and to extend these provisions mutatis mutandis to schemes under section 232, with Annexure Forms CAA-9 to CAA-12 replaced by updated templates.
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