, NCLT now allows merger of LLP, private companies ~ CS GAURAV SHARMA

Wednesday, August 01, 2018

NCLT now allows merger of LLP, private companies

In what could kick off a new wave of mergers and acquisitions and open a new frontier in the resolution space, Chennai National Company Law Tribunal has given the green signal to merger of a Limited Liability Partnership with a private company. 

The move, experts say, sets a distinct precedent as the Companies Act, 2013 and the LLP Act, 2008 do not contain any express provisions providing for such cross-entity amalgamation. 

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