Note on Takeover of NBFC
INTRODUCTION
‘Takeover’ implies acquisition of control of a company which is already
registered through the purchase or exchange of shares. Takeover takes place
usually by acquisition or purchase from the shareholders of a company their
shares at a specified price to the extent of at least controlling interest in
order to gain control of the company.
‘Statutes involved in Takeover’
The takeover could take place through different methods. A company
may acquire the shares of a unlisted company through what is called acquisition
under as per the Companies Act, 2013. However where the shares of the company
are widely held by the general public, it involves the process as set out in
the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997,
as amended in 2002, 2004 and 2006.
The term ‘Takeover’ has not been defined under SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 1997, the term basically
envisages the concept of an acquirer taking over the control or management of
the target company. When an acquirer, acquires substantial quantity of shares
or voting rights of the target company, it results in the Substantial
acquisition of Shares. Reserve Bank of India regulations 'Non-Banking Financial
Companies (Approval of Acquisition or Transfer of Control)
Directions, 2015
SCOPE OF SERVICES
TO BE RENDERED:
i) Arrangement
of requisite details and documents of Seller Company to Buyer Company
ii) Consulting for Management change process and
compliances
iii) Company Law Compliances
iv) Reserve Bank of India Compliances
v) RBI (NBFC) Department liasoning and change of
management with object if any
Other Scope of work if required
(Excluded currently in scope of work):
a)
Shifting of registered office from
Kolkata to Pune or Mumbai as per requirements of acquirer Company.
b)
Due diligence of Company if required
PLACE OF RENDERING
SERVICES:
The
place of rendering services generally shall be our office situated at 496/B, 2nd
Floor, Near KCC Classes, Kasba Peth, Pune-411011
Pramodkumar R. Ladda
Company Secretary
Tel: +91-20-24570055 | Office Cell : +91- 9404923393, 8624919609, 9175395604 |
Personal Mob. : +91- 9922735476, 9595271145 | Skype id: pramodladda
Ladda Bhutada & Associates : 2nd Floor, OM Apartment, SR No. 496/B, KCC Classes Lane,
Opp. R. M. Kabara Electricals & Rale Estate, Kasba Peth, Pune - 411011 Maharashtra, India.
info@csladda.com | http;//www.csladda.com
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