Photo of Zaid Drabu

Senior Associate in the Dispute Resolution Practice at the Delhi NCR office of Cyril Amarchand Mangaldas. Zaid focuses on international and domestic commercial disputes before courts, tribunals and regulatory forums. He can be reached at zaid.drabu@cyrilshroff.com

Flipping the Script on Reverse Mergers: Analysis of The Latest Amendment to Merger Rules

Introduction

The Ministry of Corporate Affairs (MCA) on September 9, 2024, amended Rule 25A of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 (effective from September 17, 2024), by introducing sub-rule 5. The amendment is intended to promote seamless mergers and amalgamations between a foreign holding company incorporated outside India and an Indian company, being a wholly-owned subsidiary company incorporated in India, i.e., an inbound cross-border reverse merger.Continue Reading Flipping the Script on Reverse Mergers: Analysis of The Latest Amendment to Merger Rules