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Objections under Takeover through arrangement for unlisted Companies

October 14, 2020[2020] 120 taxmann.com 159 (Article)
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The Central Government on 4th February 2020’ notified Section 230(11) and 230(12) of the Companies Act 2013’ which deals with Takeover of unlisted Companies through the process of arrangement and has also amended the Companies (Compromises, Arrangements and Amalgamations) Rules and NCLT Rules to give effect to the above enforcement. The takeover process under Section 230(11) has to be done as done under any Arrangement i.e under Section 230.
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