Tag: merger
August 23, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
ZEE-SONY MERGER: NO PRIVITY OF CONTRACT, NO OBJECTIONS
On August 10, 2023, the National Company Law Tribunal, Mumbai ("NCLT") greenlit the merger of Zee Entertainment Enterprises Limited ("Zee") with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India) ("Sony") (hereinafter referred to as the "Zee-Sony Merger"). Following the merger, the resulting entity will be the second largest entertainment network after Disney Star. ......
June 14, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
A Fast(er) Paced Process for Mergers
The Ministry of Corporate Affairs, vide a notification dated May 15, 2023, notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023 ("Amended Rules") to streamline certain parts of extant merger and amalgamation process under the Companies Act, 2013 ("Companies Act"); and consequently amend the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. ......