Merger or amalgamation of a foreign company with a Company and vice versa

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..... dian company after obtaining prior approval of Reserve Bank of India and after complying with the provisions of sections 230 to 232 of the Act and these rules. 2. (a) A company may merge with a foreign company incorporated in any of the jurisdictions specified in Annexure B after obtaining prior approval of the Reserve Bank of India and after complying with provisions of sections 230 to 232 of th .....

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..... r an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India, a declaration in Form No. CAA-16 shall be required at the stage of submission of application under section 230 of the Act.] 3[(5) Where the transferor foreign company incorporated outside India being a holding company and th .....

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..... uot; means a company or body corporate incorporated outside India whether having a place of business in India or not: Explanation 2. - For the purposes of this rule, it is clarified that no amendment shall be made in this rule without consultation of the Reserve Bank of India.] ************ NOTES:- 1. Inserted vide F. No. 1/37/2013 CL.V - Dated 13-4-2017 2. Inserted vide Notification No. G .....

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