https://www.taxtmi.com/acts?id=32327 Regulation 7 governs compensation and pending regulatory compliance in cross-border mergers. The resultant company may pay compensation to holders of securities of the Indian or foreign company in accordance with the scheme sanctioned by the Competent Authority. Companies involved in the merger must ensure completion of regulatory action concerning pre-merger non-compliance, contraventions or violations of foreign-exchange law, rules or regulations. The reference to the Competent Authority replaces the earlier reference to the NCLT. en-us Tue, 15 May 2018 17:55:45 +0530 Tue, 08 Sep 2026 15:38:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32327 Regulation 7 governs compensation and pending regulatory compliance in cross-border mergers. The resultant company may pay compensation to holders of securities of the Indian or foreign company in accordance with the scheme sanctioned by the Competent Authority. Companies involved in the merger must ensure completion of regulatory action concerning pre-merger non-compliance, contraventions or violations of foreign-exchange law, rules or regulations. The reference to the Competent Authority replaces the earlier reference to the NCLT. Act-Rules FEMA Tue, 15 May 2018 17:55:45 +0530 https://www.taxtmi.com/acts?id=32327