Rules for merger, amalgamation of foreign company with Indian company: The government of India has released guidance providing rules with respect to mergers and amalgamations between a company registered under the Companies Act and a foreign company (and vice versa). There is also guidance issued in conjunction with the Reserve Bank of India (RBI) to… Read More »
GST Liability in case of Amalgamation or merger of companies Section 109 of Model GST law of india cover liability in case of amalgamation / merger of companies With effect from the date of order of merger or amalgamation of two or more companies, the liability to pay tax, interest and penalty for the period… Read More »
RBI/DBR/2015-16/22 Master Direction DBR.PSBD.No. 96/16.13.100/2015-16 April 21, 2016 Master Direction – Amalgamation of Private Sector Banks, Directions, 2016 In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 and pursuant to the Section 44A of the Banking Regulation Act, 1949, the Reserve Bank of India being satisfied that it is… Read More »