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    Companies Bill, 2012: Impact On M&A

    Companies Bill, 2012: Impact On M&A

    August 12, 2013 / 19:55 IST

    The wait is finally over – The Companies Bill, 2012 is just a step away from becoming an Act. The Bill which was approved by Lok Sabha on 18th December 2012 is approved by Rajya Sabha on 08th August 2013 and will become an Act post President’s assent and notification in the Gazette of India.


    The new legislation promises to bring easy and efficient way of doing business in India, better governance, improves levels of transparency, enhance accountability, inculcating self compliance and making corporates socially responsible.

    The Companies Bill, 2012 (‘the Bill’) will replace more than half a century old Companies Act, 1956 with some sweeping changes including those in relation to corporate restructurings, mergers and acquisitions. Some of the key changes to look for are in merger/demerger processes, cross border mergers, fast track mergers between small companies and holding – subsidiaries, and provisions relating to minority shareholders’ protection and exit. We believe that the new Act will help in reducing shareholders’ litigation and making corporate restructuring process smooth and efficient.

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    first published: Aug 12, 2013 07:55 pm

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