https://www.taxtmi.com/news?id=20911 Approval of a scheme of amalgamation makes Bank of Baroda the transferee bank and Vijaya Bank and Dena Bank the transferor banks, effective on the specified commencement date. On commencement, the undertakings of the transferor banks vest in the transferee bank as a going concern, encompassing all business, assets, rights, licences, borrowings, liabilities and obligations. The transferee bank will issue shares to transferor shareholders per a share exchange ratio, with an expert committee to address grievances. Permanent and regular officers and employees of the transferor banks become employees of the transferee bank on not less favourable terms, and the transferee board must protect their interests. en-us Wed, 02 Jan 2019 18:31:12 +0530 Wed, 02 Jan 2019 18:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20911 Approval of a scheme of amalgamation makes Bank of Baroda the transferee bank and Vijaya Bank and Dena Bank the transferor banks, effective on the specified commencement date. On commencement, the undertakings of the transferor banks vest in the transferee bank as a going concern, encompassing all business, assets, rights, licences, borrowings, liabilities and obligations. The transferee bank will issue shares to transferor shareholders per a share exchange ratio, with an expert committee to address grievances. Permanent and regular officers and employees of the transferor banks become employees of the transferee bank on not less favourable terms, and the transferee board must protect their interests. News - Wed, 02 Jan 2019 18:31:12 +0530 https://www.taxtmi.com/news?id=20911