Section 237 of CA 2013 : Section 237: Power Of Central Government To Provide For Amalgamation Of Companies In Public Interest
CA 2013
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Explanation using Example
Imagine that there are two pharmaceutical companies, PharmaCorp and MedHeal, which are the only producers of a critical vaccine in the region. Due to a global health crisis, it becomes necessary to increase vaccine production. The government determines that an amalgamation of PharmaCorp and MedHeal would be in the public interest to ensure an efficient and increased supply of the vaccine.
The Central Government, under Section 237 of the Companies Act, 2013, issues an order for the two companies to amalgamate ...
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