LawgistThe Companies Act
239Preservation of books and papers of amalgamated companie
The books and papers of a company which has been amalgamated with, or whose shares have been acquired by, another company under this Chapter shall not be disposed of without the prior permission of the Central Government and before granting such permission, that Government may appoint a person to examine the books and papers or any of them for the purpose of ascertaining whether they contain any evidence of the commission of an offence in connection with the promotion or formation, or the management of the affairs, of the transferor company or its amalgamation or the acquisition of its shares.
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COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS
- 230 Power to compromise or make arrangements with creditors and member
- 231 Power to Tribunal to enforce compromise or arrangement
- 232 Merger and amalgamation of companies
- 233 Merger or amalgamation of certain companies
- 234 Merger or amalgamation of company with foreign compan
- 235 Power to acquire shares of shareholders dissenting from scheme or contract approved by majorit
- 236 Purchase of minority shareholding
- 237 Power of Central Government to provide for amalgamation of companies in public interest
- 238 Registration of offer of schemes involving transfer of shares
- 239 Preservation of books and papers of amalgamated companie
- 240 Liability of officers in respect of offences committed prior to merger, amalgamation, etc
