Photo of Aakanksha Bhardwaj

Associate in the General Corporate Practice at the Delhi-NCR office of Cyril Amarchand Mangaldas. Aakanksha has experience in advising domestic and international on various matters pertaining to company laws, securities laws, and foreign exchange laws. She can be reached at aakanksha.bhardwaj@cyrilshroff.com.

Substantial Issues in Defining “Substantially the Whole of the Undertaking”

Section 180(1)(a) of the Companies Act 2013 (“2013 Act”) requires a company to obtain prior approval by a special resolution to sell, lease or dispose of the whole or substantially the whole of the undertaking of the company or, when the company owns more than one undertaking, of the whole or substantially the whole of any of such  undertakings.Continue Reading Substantial Issues in Defining “Substantially the Whole of the Undertaking”