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Which Body Governs Mergers And Acquisitions In India? |
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Answer» There is no single governing body to GOVERN mergers and acquisitions in India. The statutory law(s) which governs a particular industry, the Industrial Development and Regulation Act, the Companies Act, the Competition Act, FEMA, Income tax Act, and SEBI (SUBSTANTIAL acquisition of shares and takeovers) Rules 2011 – knows as the ‘takeover code’, all together (but not LIMITED to these) have rules and regulations which have to be followed for M & A in India. There is no single governing body to govern mergers and acquisitions in India. The statutory law(s) which governs a particular industry, the Industrial Development and Regulation Act, the Companies Act, the Competition Act, FEMA, Income tax Act, and SEBI (Substantial acquisition of shares and takeovers) Rules 2011 – knows as the ‘takeover code’, all together (but not limited to these) have rules and regulations which have to be followed for M & A in India. |
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