TaxTMI 
TaxTMI 
Form of application for approval of the Central Government for acquisition of shares
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....4. Name and address of Registered Office of the company whose shares are proposed to be acquired. 5. Whether the applicant is dominant undertaking under section 2(d) of the Monopolies and Restrictive Trade Practices Act. 6. Whether the applicant is the owner in relation to a dominant undertaking or would be, as a result of such acquisition of shares, the owner of a dominant undertaking, as defined in section 2(d) of the Monopolies and Restrictive Trade Practices Act, 1969. If so, the particulars thereof. 7. Whether the company whose shares are proposed to be acquired is a dominant undertaking. 8. Names of the directors of the company whose shares are to be acquired. 9. Details of the proposed investment- ....
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....be acquired. 12. The purpose proposed to be served by acquiring shares and in what ways it is in the interest of the applicant company. 13. Pattern of the shareholding of the applicant company. Sl.No. Name No. of ordinary shares held Percentage of ordinary shares 1. Financial institutions/Government companies/Corporations (by individual names) 2. Banks other than financial institutions 3. Non-residents 4. Bodies corporate inter-connected with the applicant company 5. Other bodies corporate 6. Directors 7. Central Government or State Government 8. Other....
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.... (b) If the answer to (a) above is in the affirmative, the reason therefor. 16. Relationship/association, if any, of the person acquiring the shares with the transferor(s) and with the directors of the company whose shares are proposed to be acquired. 17. (a) Details of funds available out of which the shares are proposed to be acquired. (In case, the applicant is a company, cash flow statement for five years including the year in which transfer is proposed shall be attached). (b) If any part of the amount to be invested is to be financed by borrowing, the amount of loan and sources of finance with terms regarding repayment, interest, security, etc., to be stated. 1....
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....s account of the applicant for each of the three years immediately preceding the year in which the shares are proposed to be acquired, if the applicant is a company. I/We solemnly declare that the facts stated in this application are true to the best of my/our knowledge and the other facts are true to the best of my/our information and belief. Signature of the applicant Designation/description Date: Notes.-(a) If this application is incomplete in any respect, the deficiency will be pointed out to the applicant and the period of 60 days mentioned in section 108E of the Act will count from the date from which such deficiency is set right. (b) The application form together with the enclosures shall be furnished in triplicate.....
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.... Debit balance of profit and loss account (c) Arrears of depreciation not provided for (d) Contingent liabilities such as (i) Gratuity, taxes, etc., with details (ii) Dividends proposed to be paid out of reserves. (iii) Income-tax liability not provided for (Rupees in thousands) .................. ................... ................... ................... ................... .................. .................. .................. Total net worth --------- A --------- Preference capital Net worth of equity Break-up value per equity share Total No. of equity shares B A-B A-B --------- --------- Annexure II V....
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....; = 1/3rd C Less: Estimated tax liability @ 60% =T Average net profits after taxation (C-T) = D Capitalising 'D' at 15% return: EQ \F(D ¥ 100,15) = E Add: Market value of investments on wh....