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Merger or demerger or amalgamation of Indian companies

Regulation 9 - Regulation - Regulations - FEMA - Regulation 9 - 9. (1) Where a Scheme of merger or amalgamation of two or more Indian companies or a reconstruction by way of demerger or otherwise of an Indian company, has been approved by National Co .....

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, 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 attendant conditionalities of investment by a person resident outside India; Provided that where the percentag .....

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new company shall not engage in any sector prohibited for investment by a person resident outside India; and (2) Where a Scheme of Arrangement for an Indian company has been approved by National Company Law Tribunal (NCLT)/ Competent Authority , the .....

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