Merger of Companies under Section 395
company judiciary advanced pyq_discussionAap sab logon ko pata hai ki merger of companies ek complex process hota hai. Lekin, iske liye aapko sahi approach chahiye, jab hum Judicial Services ka exam de rahe hain. Pehle, aapko pata hona chahiye ki merger of companies kayi types mein hota hai: merger of companies, share exchange, or amalgamation. To, aapko sabhi types understand karne honge.
Ab, jab aap koi specific question ko solve kar rahe hain, to aapko pata hona chahiye ki Section 395 ka kya implication hai. Yeh section mein likha hai ki merger of companies mein, existing company ke shares exchange karne kee jagah, new company ke shares issue karne honge.
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Chalo, I think there's a catch in the Section 395 merger rule. It says a company can merge with another company, but what about minority shareholders? Their approval is mandatory, but what if they're against the merger? Doesn't that defeat the whole purpose of the law? We need more clarity on this aspect, guys!