Living with the times

A lawyer who is not up to date with the current legal and regulatory updates is nothing short of dangerous. Therefore, at NovoJuris Legal, we strive to stay current. We are also strong believers of growth of knowledge through sharing. These articles and blogs help us share our research with the world, so that no one has to reinvent the wheel yet again.

  • Income Tax clearance: M &A or secondary transactions

    Income Tax clearance: M &A or secondary transactions

    Obtaining a no objection certificate or prior permission under section 281 of Income Tax Act, 1961 (Section 281 Certificate) is a mandatory ‘conditions precedent’ in a merger, acquisition or a secondary transaction. A general disdain is the time it takes

    Sharda Balaji
    By Sharda Balaji 12 months ago
  • "APPOINTED DATE" IN CASE OF MERGER AND AMALGAMATION

    "APPOINTED DATE" IN CASE OF MERGER AND AMALGAMATION

    The Ministry of Corporate Affairs (the MCA) vide its notification dated 21 August 2019, has provided a clarification with respect to interpretation of section 232(6) of the Companies Act (Act). Section 232(6) of the Act states that the scheme under

  • Analysis of Section 396 of the Companies Act, 1956 in the light of NSEL merger order.

    Analysis of Section 396 of the Companies Act, 1956 in the light of NSEL merger order.

    Section 396 of the Companies Act 1956 (‘the Erstwhile Act’) (i.e. Section 237 of the Companies Act 2013) gives power to the Central Government to order "forced amalgamation" of two companies if it is satisfied that it is essential in

    AP
    By Asis Panda over 1 year ago
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