NO&T Asia Legal Review
Background
In April 2017, the provisions of the Indian Companies Act, 2013 relating to cross-border mergers and amalgamations via court approved schemes were notified. While cross-border inbound mergers/amalgamations i.e. a merger of a foreign company with an Indian company where the resultant company is an Indian company was always permitted, it was for the first time that the Companies Act permitted cross-border outbound mergers i.e. an Indian company merging with a foreign company wherein the resultant company is a foreign company. The Reserve Bank of India (“RBI”) quickly followed suit and issued draft regulations governing the foreign exchange elements relating to such cross-border mergers.
Ario Putra Pamungkas
Long Nguyen
Rashmi Grover
Anastasia Jessica Maureen
Long Nguyen
Rashmi Grover
Anastasia Jessica Maureen
(January 2025)
Shunsuke Minowa, Yothin Intaraprasong, Ponpun Krataykhwan, Nopparak Yangiam, Salin Kongpakpaisarn, Poonyisa Sornchangwat (Co-author)
Ario Putra Pamungkas
Long Nguyen
Rashmi Grover
Poonyisa Sornchangwat, Kwanchanok Jantakram (Co-author)
