The Companies Act

Power to compromise or make arrangements with creditors and member

Power to Tribunal to enforce compromise or arrangement

Merger and amalgamation of companies

Merger or amalgamation of certain companies

Merger or amalgamation of company with foreign compan

Power to acquire shares of shareholders dissenting from scheme or contract approved by majorit

Purchase of minority shareholding

Power of Central Government to provide for amalgamation of companies in public interest

Registration of offer of schemes involving transfer of shares

Preservation of books and papers of amalgamated companie

Liability of officers in respect of offences committed prior to merger, amalgamation, etc


COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS


Notwithstanding anything in any other law for the time being in force, the liability in respect of offences
committed under this Act by the officers in default, of the transferor company prior to its merger,
amalgamation or acquisition shall continue after such merger, amalgamation or acquisition.


LAWGIST

# 240 Liability of officers in respect of offences committed prior to merger, amalgamation, etc