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Tag: related party transactions

Majority of Minority Rule: Public Shareholder Approval Requirement for Listed Company Mergers

The rule that minority shareholders must approve the merger does not come from the Companies Act. It comes from a SEBI circular of February 2013. Accordingly – The special resolution approving the scheme of arrangement (merger) shall be acted upon only if the votes cast by public shareholders in favour of the proposal amount to at least […]

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