Question

5. Explain various provisions of companies Act, 1956 related to the mergers and acquisitions in India.​

Answer 1

Explanation:

BODY OF APPROVING MERGER According to 1956 Companies Act , scheme of arrangement was to be approved by respective High Court which has jurisdiction over Acquirer and Target companies. Whereas; under Companies Act, 2013 National Company Law Tribunal will deal with matters related to Merger & Acquisition.

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