Frequently Asked Questions (FAQs)🔗
Q1. What is Scheme of Arrangement in Indian corporate law?▼
A court/NCLT-approved mechanism under Sections 230-232 of Companies Act 2013 for restructuring a company's capital, liabilities, or business through merger, amalgamation, demerger, or compromise with creditors/shareholders.
Q2. Why is Scheme of Arrangement important for compliance?▼
Scheme of Arrangement is adjudicated by the National Company Law Tribunal under the Companies Act, 2013 or IBC. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Q3. Who should know about Scheme of Arrangement?▼
Scheme of Arrangement is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with NCLT regulatory matters in India.
Contextual Analysis & Regulatory Updates🔗
Read our latest analysis and critical updates on corporate circulars related to NCLT: