NCLAT allows appeal challenging NCLT order rejecting a scheme for amalgamation based on ‘Appointed Date’
A scheme of arrangement is usually conditional upon the satisfaction of specified conditions as mentioned under...
Outbound Demergers, permissible?
Ahmedabad NCLT [1] rejected the Scheme of Arrangement which envisaged a cross border arrangement for outbound...
Can provision of General Anti Avoidance Rules (‘GAAR’) be applied retrospectively?
General Anti Avoidance Rules (‘GAAR’) were introduced in under the provisions of the Income Tax Act,...
Demerger of Investment Business undertaking of a Wholly owned subsidiary into its parent entity permissible?
Any arrangement for demerger of a business undertaking, prerequisites the condition of ‘an undertaking’ i.e. the...
NCLAT dismisses Income-tax Departments plea against Scheme of Arrangement
As per the provisions of the Companies Act, 2013, when any company files scheme of arrangement,...