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Other Financial Services
Merger23 Apr 2026, 07:31 pm

Gamco Ltd receives approval for amalgamation with Complify Trade

AI Summary

Gamco Ltd has received the Confirmation Order dated April 22, 2026, from the Regional Director, Eastern Region, Ministry of Corporate Affairs, Kolkata, approving the Scheme of Amalgamation with Complify Trade Private Limited. Under the scheme, Complify Trade Private Limited (Transferor Company) will be dissolved without winding up, and Gamco Limited (Transferee Company) will absorb its operations. The scheme will become effective upon filing of Form INC-28 with the Registrar of Companies. The order includes conditions such as ensuring employee benefits, retaining recourse for tax liabilities by authorities, and Gamco bearing stamp duty on transferred properties.

Key Highlights

  • Gamco Ltd received regulatory approval for its amalgamation scheme.
  • Complify Trade Private Limited will be dissolved without winding up.
  • The amalgamation becomes effective upon filing INC-28 with ROC.
  • Gamco Ltd will assume all liabilities and legal proceedings of Complify Trade.
  • Employees of Complify Trade will retain all benefits with Gamco.
VISCO
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Visco Trade Associates Ltd

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