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A foreign company intends to merge with an Indian Company. As per the relevant provision in the…

Rule 25A of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 requires the prior approval of the "Reserve Bank of India." for a cross-border merger…

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A foreign company intends to merge with an Indian Company. As per the relevant provision in the Companies (Compromises, Arrangements and Amalgamation) Rules, 2016, it needs to obtain prior approval of

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Correct answer C

Rule 25A of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 requires the prior approval of the "Reserve Bank of India." for a cross-border merger involving a foreign company.

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