Merger8 May 2026, 06:21 pm
Ashika Credit Capital: NCLT Sanctions Amalgamation Scheme
AI Summary
The National Company Law Tribunal (NCLT), Kolkata Bench, has sanctioned the Composite Scheme of Amalgamation involving Ashika Commodities & Derivatives Private Limited (ACDPL) with Ashika Global Securities Private Limited (AGSPL), and AGSPL with Ashika Credit Capital Limited (ACCL). The scheme will be effective upon filing the certified NCLT order with the Registrar of Companies. A separate intimation will be provided once the scheme becomes effective.
Key Highlights
- NCLT Kolkata sanctions Composite Scheme of Amalgamation.
- Scheme involves ACDPL merging into AGSPL, and AGSPL merging into ACCL.
- Effectiveness contingent on filing NCLT order with Registrar of Companies.
- Further intimation to follow upon the scheme becoming effective.