Under the Companies Act 2013, the 'National Company Law Tribunal' (NCLT) has the power to approve schemes of amalgamation. Before approving, it must receive a report from:
A. The Registrar of Companies
B. The Reserve Bank of India
C. The Official Liquidator or a person designated by the Central Government
D. The Securities and Exchange Board of India
Answer: Option C
Solution (By JKSSB Mock Tests)
Section 232 of the Companies Act requires the NCLT to receive a report from the Official Liquidator or a designated expert regarding the affairs of the company and whether the scheme prejudices the interests of members or creditors.
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