November 30, 2005

Contractual Merger

Posted in Corporate Law at 10:56 am by indiablawg

A proposed amendment to Indian company law will make mergers between closely held companies much easier than it currently is. The new form of merger will be called “Contractual Merger” and will eliminate the requirement to have the merger approved by the high court.

It will also make it difficult for minority shareholders to oppose the merger unless they hold at least 10% of the paid-up equity. Link.