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CS Professional · Corporate Restructuring, Valuation and Insolvency · Documentation - Merger and Amalgamation

After the scheme between Meera Tools Ltd (transferee) and a small transferor is registered under section 233, Meera's company secretary prepares post-merger documents. Which filing is correctly described?

The transferee files an application with the Registrar along with the registered scheme, indicating the revised authorised capital and paying fees on it. Fees the transferor earlier paid on its authorised capital are set off against the amount payable.

  1. AAn application to the Registrar with the registered scheme, showing revised authorised capital and paying fees on it, with the transferor's earlier paid fee set offCorrect
  2. BNo filing, as authorised capital automatically stays unchanged
  3. CA filing with the Tribunal for fees, with no set-off allowed
  4. DA filing only by the transferor company before dissolution, without any fee

Explanation

Section 233(11) requires the transferee to apply to the Registrar with the registered scheme, indicating revised authorised capital and paying prescribed fees. Fees paid earlier by the transferor on its authorised capital are set off against the fees payable.

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