Section 256 Companies Act Explained: Power of Board to make scheme for amalgamation, merger, etc. | Nyaya

Statutory Content

What does Section 256 of Companies Act say?

Where a company proposes to amalgamate with one or more other companies or to merge with one or more other companies or to divide its shares or otherwise to reconstruct its share capital, the Board of Directors of the company shall make a scheme in writing in the prescribed form for the purpose of amalgamation, merger, division or reconstruction, which shall be placed before the company in general meeting for approval.

Indian StandardSection 256, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 256 (India)

Court Pleading StandardSection 256 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 256 Companies Act

What is Section 256 of Companies Act?

Section 256 of the Companies Act, 2013 (Companies Act) defines and regulates "Power of Board to make scheme for amalgamation, merger, etc.". The section states: Where a company proposes to amalgamate with one or more other companies or to merge with one or more other companies or to divide its shares or otherwise to reconstruct its share c...

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