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Stamp duty applicability on amalgamation on companies in different states has always been ambiguous even after numerous decision taken by high courts of various states. In this article, we once again look at the ambiguity and implication on the transaction cost for companies doing amalgamation.

The shareholding pattern post amalgamation may vary based on the number of shares tendered by public in the open offer to be launched by Birlasoft's promoters and KPIT's promoters. That means the Promoters Shareholding post amalgamation includes 5,13,49,673 Equity Shares, fully tendered by public shareholders in open offer.

The Board of Directors of the Company approved a Scheme of Amalgamation involving amalgamation of Indian Metals and Carbide Limited (IMCL), a wholly owned subsidiary of the Company and B. Panda and Company Private Limited (B Panda), the holding company of the Company, into the Company.

The Board of Directors of MPS Limited approved the amalgamation of ADI BPO Services Limited into the Transferee Company. Before the amalgamation, Transferor Company will de-merge its "Infrastructure Management Business" undertaking into ADI Media Private Limited

Dale Caterson Electrical is Sydney based level 2 service provider offers all kinds of electrical metering services such as upgrades to 3 phase, separation of supply for tenancies, amalgamation of supply and CT Metering.

Dale Caterson Electrical is Sydney based level 2 service provider offers all kinds of electrical metering services such as upgrades to 3 phase, separation of supply for tenancies, amalgamation of supply and CT Metering.

NCLT rejected the scheme of amalgamation of Gabs Investments and Ajanta Pharma on grounds on GAAR.

The scheme of amalgamation provides for merger of Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirion India Cloud Solutions Private Limited with Wipro Limited.

The Board of Directors of the company in their meeting held on February 23, 2018 approved the scheme of Amalgamation of AMPL with Paisalo. Appointed date for the transaction is closing hours of December 31, 2017.

A composite restructuring of Bengal & Assam Company with its subsidiary companies. Florence Investech and BMF Investments shall completely amalgamate with its parent company whilst giving an option of share exchange with the new shareholding pattern with J. K. Fenner India

The Board of Directors of Bayer CropScience Limited and Monsanto India Limited, at its Meeting held inter alia, has considered the amalgamation of Monsanto India Limited with Bayer CropScience Limited.

Stylam Industries Limited (SIL) one of the largest manufactures of laminates sheets for both home and industry is merging with Golden Chem-Tech Limited (GCL) company which manufactures chemicals & adhesives and has diversified for the manufacturing of the Acrylics Solid Surface

The Board of Directors of Motilal Oswal Financial Services Ltd (MOFSL) have approved the Draft Scheme of Amalgamation for merger of Motilal Oswal Securities Ltd (MOSL) with MOFSL and have also approved the slump sale of its existing lending business to its wholly owned subsidiary, which is in the process of being incorporated.

JTEKT Sona Automotive India Limited is 49% subsidiary of SKSS and 51% is held by JTEKT, Japan. JTEKT wants to consolidate its joint venture with the company through the scheme of amalgamation from appointed date 1st April 2018 with swap ratio as 1,582 equity shares to be allotted by SKSS for every 1000 Equity shares

Network18, after series of restructuring and acquisitions, wants to have simple and efficient corporate structure not only because of commercial needs but also considering changing or to say stringent and transparent legal environment under the new and ever responding laws. The amalgamation is done to get all the channels under one umbrella

Section 232(6) of the Companies Act, 2013 states that the appointed date with respect to a scheme of merger and amalgamation means the date from which the scheme becomes effective.

The indebtedness of Emami Infrastructure Ltd and Zandu Realty Ltd is Rs 1545.36 Crores and Rs 11.40 Crores. The merger will imply ZRL's debts being taken over by EIL, but also simultaneously increasing EIL's net worth to Rs 214 crore from Rs 26 crore. The merged entity will have better debt equity ratio and in the process lower cost of funds.

Phoenix Mills Limited (PML) has announced a scheme of amalgamation of its subsidiary company, Phoenix Hospitality Company Private Limited (PHCPL) with itself and the merger was approved by the respective boards.

To consolidate its business, FMCG company Hindustan Foods Ltd. has merged the Contract Manufacturing undertaking (Coimbatore) Avalon Cosmetic Pvt. Ltd and amalgamated it's associate ATC Beverages Pvt. Ltd.

Dr. Compliance provides a wide spectrum of services related to legal corporate matters. Our team provides efficient and effective corporate legal solution. Dr Compliance posses highly qualified Lawyers well versed with the functioning of High Court, Supreme Court and other Appellate Tribunals. Our team provide following Services: Handling Mergers, Demerger and Amalgamations of Companies. Drafting of Scheme of Amalgamation. Conducting of General Meeting under the supervision of the High Court. Representation before the Regional Director, Official Liquidator and Registrar of Companies.