MCA has notified amendment in Companies (Compromises, Arrangements and Amalgamations) Rules, 2016, which requires in case of a compromise or an arrangement or merger or demerger between an Indian company and a company or body corporate which has been incorporated in a country which shares land border with India, a declaration in Form No. CAA-16 shall be required at the stage of submission of application under section 230 of the Companies Act, 2013.
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