Search Results for Tag : Amalgamation

Notifications & Circulars

Reserve Bank of India (Amalgamation of Private Sector Banks) Directions, 2016(21.04.2016)

The Reserve Bank of India notified Master Directions regarding amalgamation of two banking companies or of a banking company and an NBFC. For both, am.....

Tags : amalgamation, private banks, nbfc

News

Delhi HC Approves Merger of PVR Leisure & Lettuce Ent. With PVR Ltd(09.01.2017)

Delhi High Court has approved scheme of amalgamation under which PVR Leisure Ltd and Lettuce Entertain You Ltd would merge with PVR Ltd, their parent .....

Tags : Delhi High Court, PVR Ltd, Merger, Amalgamation

Cabinet gives in-principle approval for Public Sector Banks to amalgamate through an Alternative Mechanism(23.08.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given in-principle approval for Public Sector Banks to amalgamate through an Al.....

Tags : Approval, Banks, Amalgamation, Alternative Mechanism

Ministry of Corporate Affairs Notifies Amendment to Companies Rules, 2020(05.02.2020)

Ministry of Corporate Affairs has notified an amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2020, adding a provision.....

Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Rules, 2020

Lakshmi Vilas Bank Ltd branches to operate as DBS Bank India Ltd. branches from November 27, 2020(25.11.2020)

The Government of India has today sanctioned the Scheme for the amalgamation of the Lakshmi Vilas Bank Ltd. with DBS Bank India Ltd. The amalgamation .....

Tags : Lakshmi Vilas Bank, Scheme, Amalgamation

MCA Notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021(03.02.2021)

Ministry of Corporate Affairs (MCA) has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021 so as to enable the.....

Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021

Supreme Court: Mere Amalgamation Would Not invalidate Income Tax Proceedings(07.04.2022)

Supreme Court has held that whether corporate death of amalgamating entity upon amalgamation invalidates an order of assessment issued under the Incom.....

Tags : Supreme Court, amalgamation, Income Tax Act, 1961, Section 481 of the Companies Act, 1956

Cabinet approves Amalgamation of Consultancy Development Centre with Council of Scientific and Industrial Research of DSIR(27.04.2022)

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has approved the following:

i. The existing 13 employees of CDC.....

Tags : Amalgamation, Approval, CDC

Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023(15.05.2023)

In exercise of the powers conferred by sub-sections (1) and (2) of section 469 read with section 233 of the Companies Act, 2013 (18 of 2013), the Cent.....

Tags : Amalgamations, Amendment, Rules

SC: Can’t Prosecute Directors to DBS Bank for Acts of Lakshmi Vilas Bank Before Amalgamation(12.09.2023)

Supreme Court has held that DBS Bank and its directors cannot be held criminally liable for actions attributed to directors of Lakshmi Vilas Bank befo.....

Tags : Supreme Court, DBS Bank, Lakshmi Vilas Bank, Amalgamation, Criminal Liability

Bombay HC: For Inquiry Conducted u/s 50A of Trusts Act, Amalgamation of Two Trusts Not Relevant(13.05.2025)

Bombay High Court has stated that for inquiry to be conducted under Section 50A of Maharashtra Public Trusts Act, 1950 amalgamation of two trusts is n.....

Tags : Bombay High Court, Section 50A, Amalgamation

SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income(12.01.2026)

Supreme Court has held that shares obtained through a corporate amalgamation are taxable as business income under Section 28 of the Income Tax Act at .....

Tags : Shares, Amalgamation, Business Income