Investment Banking Related to M & A in India
Authors
Mergers and Acquisitions advisory is an important practice area for investment banks.
Statutory Provisions Relating to M & A in India
Company Act, 1956
Sections 391-394 deals with the provisions related to mergers or amalgamations.
Section 327A gives powers of investment to the board of directors of a company to the extent of 60% of the company's paid up capital and free reservers or 100% of its free reserves, whichever is higher. The board can use this provision to acquire companies. Beyond these limits, a special resolution of members would be necessary.
Sections 108B and 108D are also relevant for M&A transactions.
Foreign Exchange Management Act (FEMA) Provisions
SAST Provisions
Securites Contracts Regulation Act provisions
IT Act Provisions
Stamp Duty Act Provisions
To be developed under various heads indicated
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