merger of authorised share capitals pursuant to a merger

b.sridhar (Querist) 06 July 2008 This query is : Resolved
sir,
under companies act,1956 whether the authorized share capital of transferor company can be merged with authorized share capital of transferee company without payment and filling of requisite forms with ROC's.

please clarify

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Guest (Expert) 07 July 2008
Sridhar,

Your question is not clear for this reason.

When a merger takes place, one ocompany acquires the other company. The acquired company will be extinwuished and the assets and liabilities of that coompany will be that of the acquiring company. The share holders of the merged company will be given the shares of the acquiring company in a agrred ratio.

Manish Singh (Expert) 07 July 2008
Mr. Sridhar,
any merger between two companies can not be done wihtout the HC's approval( AT PRESENT).
You need to file the MoA , aOa and other relevant documents and sanction order to the RoC.

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