The First Order under the new NCLT Regime disallows dispensing of Shareholders Meeting in merger proceedings  

Bar & Bench February 23 2017

By Debanjan Banerjee

Background

The law related to mergers came into force when the Ministry of Corporate Affairs notified the Companies (Compromise, Arrangement, and Amalgamation) Rules 2016 (Merger Rules) on December 14, 2016.

In a month’s time, on January 13, 2017, an order was pronounced on behalf of the Division Bench by the honorable President of the NCLT, New Delhi. The significance of this order was that the prayer for . . .

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