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Merger or demerger or amalgamation of Indian companies

Regulation 9 - Regulation - Regulations - Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 - Regulation 9 - 9. (1) Where a Scheme of merger or amalgamation of two or more Indian companie .....

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o the existing holders of the transferor company resident outside India, subject to the following conditions, namely: (a) The transfer or issue is in compliance with the entry routes, sectoral caps or investment limits, as the case may be, and the at .....

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necessary approvals from the Central Government. (b) The transferor company or the transferee company or the new company shall not engage in any sector prohibited for investment by a person resident outside India; and (2) Where a Scheme of Arrangemen .....

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