Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

CA Adarsh Agrawal (CMD of SHAYVIDZ Group)     29 April 2010

Merger of Indian Companies with Foreign Companies

Merger of Indian Companies with Foreign Companies

  

The Minister of Corporate Affairs, Shri Salman Khurshid has said that there is no provision under the Companies Act, 1956 for merger of Indian companies with foreign companies. However, a foreign company may merge with an Indian company.

Giving this information in written reply to a question in the Rajya Sabha on merger of companies, Shri Khurshid informed the House that as part of Corporate Restructuring, one of the options available to corporate is merger.

The corporate resort to merger according to their restructuring plans taking into consideration economics of scale, corporate sustainability and its long term objectives.



Learning

 2 Replies

Daksh (Student)     29 April 2010

Dear Mr.Learner,

Kudos for such informative info.

Best Regards

Daksh

1 Like

CA Adarsh Agrawal (CMD of SHAYVIDZ Group)     30 April 2010

Thanks for comments Daksh !!!


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register