Prepared by:Shailesh

&
Ashish

Takes over Vodafone(Briton) A Foreign company

HTIL(Whampoa group of Li-Ka Shing. Hong Kong A foreign company

67%

Essor group
Hutchison Essor Indian Company
Asim Ghosh-12% A.Singh and other companies (Minority)

THE AMALGAMATED CO. IS AN INDIAN CO. EXCEPTION 1. IF SHARES OF INDIAN CO.HELD BY FOREIGN BEFORE MERGER AND SUCH FOREIGN CO. TAKEN OVER BY ANOTHER FOREIGN CO. 2. ATLEAST 25% OF THE FOREIGN CO. (BEFORE MERGER) TO BE SHARE HOLDERS OF THE NEW FOREIGN CO. ? WHAT IS THE BENEFIT TO THE AMALGAMATED CO. AMALGAMATING CO.(OLD CO.)

 The

Court has also sent notices to the Hutchison Essar's Managing Director, Mr Asim Ghosh, and the Chairman of Max Group, Mr Analjit Singh. The two individuals hold 12 per cent of Hutchison Essar, which is the bone of contention.

 The

stake is being held indirectly by the two individuals on behalf of Vodafone. The sale-breached India's Foreign Exchange Management Act and the licensing conditions for providing telecommunications services in India, What is the maximum holding possible by a foreign company in telecom in India?

 HORIZONTAL

MERGER SIMILAR LINES OF

ACTIVITY as Ford announced the sale of the two British iconic cars to Tata Motors Ltd. Ford acquired Jaguar for $2.5 bn in 1989 and Land Rover for $2.75 bn in 2000 but put them on the market last year after posting losses of $12.6 bn in 2006 - the heaviest in its 103-year history.

 1897-1904-horizontal

Mergers Monopolistic Market structure Mega merger between US Steel and Carnegie Steel.It also merged with 785 separate firms-75% of Steel production of US. As a result: ???? What happened to Standard Oil?

 Divided

in to 30 Companies. SO of New Jersey named EXXON SO of New York named MOBIL SO of California renamed CHEVRON SO of Indiana renamed AMOCO What is ANTI TRUST Act? What is known in India?

 License

era-Unrelated diversification Conglomerate merger Friendly take over and hostile bids by buying equity shares Example: Swaraj paul attempted to raid on Escorts Ltd.and DCM Ltd but could not succeed. The Hindujas raided and took over Ashok leyland and Ennore Foundaries. Chhabria Group acquired stake in Shaw Wallace, Dunlop india and Falcon Tyres.

Fulfill section 2(1B) of Income tax act by transferor company Amount to be in the form of shares No cash to be received Foreign Direct investments in selected sector can not exceed 74% by foreign company Fulfill section 72A of the IT act so as to reap the benefit by transferee company Shareholders can not transfer their holdings with in 5 years. Sales tax at the rate of 8% can not be avoided. Set off and carry forward of losses is possible. What are the losses can be carried forward and set off? How many years?

Thank You