Photo of Neham Tayal

Principal Associate in the General Corporate Practice at the Delhi-NCR office of Cyril Amarchand Mangaldas. Neham specialises in mergers & acquisitions, foreign investments, joint ventures and corporate restructuring, and regularly advises domestic and international clients across various sectors. He can be reached at neham.tayal@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”