reverse merger- corporate

Querist : Anonymous (Querist) 29 April 2011 This query is : Resolved
Dear Sir,

Please advice me on the merger of two subsidiaries companies (having same business functioning of Waste Disposal facility);of one parent company. These two subsidieries are Ltd. companies and are incorporated under Special Purpose Vehicles of parent company. At present one Sub. company is profit making and another is under loss. Both the companies have consumed a part Govt. subsidies. Some subsidy installments are due to Govt. Both the subsidieries are having their plants at MIDC. is NOC of MIDC will be required or Might there be any hinderance on the part of MIDC for this merger? what will be th eprocedure to be adopted for Reverse merger. please advice me.

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R.Ramachandran (Expert) 29 April 2011
It is a corporate auery. You will be able to afford the fee for a lawyer. Better approach a lawyer and get answer to your query.

Amit Pateria (Expert) 29 April 2011
Dear Anonymous member,

The Merger/ Amalgamation is a complex process it's advisable to get in touch with a good lawyer along with latest balance sheet, Article of Association and a MoA.

Hope this helps.