Section – 236, Companies Act, 2013 Purchase of minority shareholding. 236. (1) In the event of an acquirer, or a person acting in concert with such acquirer, becoming registered holder of ninety per cent or more of the issued equity share capital of a company, or in the event of any person or group of persons…...
Power to acquire shares of shareholders dissenting from scheme or contract approved by majority . Section – 235, Companies Act, 2013
Section – 235, Companies Act, 2013 Power to acquire shares of shareholders dissenting from scheme or contract approved by majority . 235. (1) Where a scheme or contract involving the transfer of shares or any class of shares in a company (the transferor company) to another company (the transferee company) has, within four months after making of an…...
Merger or amalgamation of company with foreign company. Section – 234, Companies Act, 2013
Section – 234, Companies Act, 2013 Merger or amalgamation of company with foreign company. 234. (1) The provisions of this Chapter unless otherwise provided under any other law for the time being in force, shall apply mutatis mutandis to schemes of mergers and amalgamations between companies registered under this Act and companies incorporated in the jurisdictions of such…...
Merger or amalgamation of certain companies. Section – 233, Companies Act, 2013
Section – 233, Companies Act, 2013 Merger or amalgamation of certain companies. 233. (1) Notwithstanding the provisions of and , a scheme of merger or amalgamation may be entered into between two or more small companies or between a holding company and its wholly-owned subsidiary company or such other class or classes of companies as may…...
Merger and amalgamation of companies. Section – 232, Companies Act, 2013
Section – 232, Companies Act, 2013 Merger and amalgamation of companies. 232. (1) Where an application is made to the Tribunal under section 230 for the sanctioning of a compromise or an arrangement proposed between a company and any such persons as are mentioned in that section, and it is shown to the Tribunal— (a) that…...
Power of Tribunal to enforce compromise or arrangement . Section – 231, Companies Act, 2013
Section – 231, Companies Act, 2013 Power of Tribunal to enforce compromise or arrangement . 231. (1) Where the Tribunal makes an order under sanctioning a compromise or an arrangement in respect of a company, it— (a) shall have power to supervise the implementation of the compromise or arrangement; and (b) may, at the time of making…...
Penalty for furnishing false statement, mutilation, destruction of documents.
Section – 229, Companies Act, 2013 Penalty for furnishing false statement, mutilation, destruction of documents. 229. Where a person who is required to provide an explanation or make a statement during the course of inspection, inquiry or investigation, or an officer or other employee of a company or other body corporate which is also under investigation,—…...
Legal advisers and bankers not to disclose certain information.
Section – 227, Companies Act, 2013 Legal advisers and bankers not to disclose certain information. 227. Nothing in this Chapter shall require the disclosure to the Tribunal or to the Central Government or to the Registrar or to an inspector appointed by the Central Government— (a) by a legal adviser, of any privileged communication made to…...
Voluntary winding up of company, etc., not to stop investigation proceedings. Section – 226, Companies Act, 2013
Section – 226, Companies Act, 2013 Voluntary winding up of company, etc., not to stop investigation proceedings. 226. An investigation under this Chapter may be initiated notwithstanding, and no such investigation shall be stopped or suspended by reason only of, the fact that— (a) an application has been made under ; (b) the company has passed…...
Expenses of investigation. Section – 225, Companies Act, 2013
Section – 225, Companies Act, 2013 Expenses of investigation. 225. (1) The expenses of, and incidental to, an investigation by an inspector appointed by the Central Government under this Chapter other than expenses of inspection under shall be defrayed in the first instance by the Central Government, but shall be reimbursed by the following persons to…...