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Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020 - G.S.R. 79 (E) - Companies Law

Extract

..... romises, Arrangements and Amalgamations) Amendment Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, (hereinafter referred to as the principal rules), in rule 3, after sub-rule (4), the following sub-rules shall be inserted, namely: - "(5) A member of the company shall make an application for arrangement, for the purpose of takeover offer in terms of sub-section .....

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Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020 - G.S.R. 79 (E) - Companies Law

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..... for acquisition of shares during last twelve months; (ii) the fair price of shares of the company to be determined by the registered valuer after taking into account valuation parameters including return on net worth, book value of shares, earning per share, price earning multiple vis-a-vis the industry average, and such other parameters as are customary for valuation of shares of such companies. (b) details of a bank account, to be opened separately, by the member wherein a sum of amount not le .....

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Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2020 - G.S.R. 79 (E) - Companies Law

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