| |NOVEMBER 20259TECH MINTThe scheme of amalgamation has been approved by the National Company Law Tribunal (NCLT), resulting in the merger of Suzuki Motor Gujarat with its parent company, Maruti Suzuki India, the leading car manufacturer in the country.A two-member bench of the Principal bench of NCLT in Delhi has authorized the joint petition submitted by Suzuki Motor Gujarat Pvt Ltd (the Transferor Company) and Maruti Suzuki India Ltd (the Transferee Company), suggesting April 1, 2025, as the appointed date for the amalgamation scheme.Observing that the scheme benefits both petitioner companies, their shareholders, creditors, employees, and all parties involved, the tribunal stated there seems to be no barrier to approving the current scheme.It also noted that the Income Tax Department, including its Northern Region, Northwestern Region, and the Official Liquidator in Ahmedabad, has submitted their lack of further objections to this tribunal regarding the scheme under review.Additionally, other regulatory bodies like the RBI, Sebi, BSE, and NSE have not submitted any observations or objections, and the 30-day timeframe stated in the order from July 31, 2025, has elapsed, the NCLT noted, inferring that they have no comments or concerns regarding the merger plan of Suzuki Motor Gujarat and Maruti Suzuki India."Thus, the Merger by Amalgamation Scheme proposed by the Petitioner Companies under Sections 230 to 232 of the Companies Act, 2013, is hereby approved," states the order issued by the NCLT bench, which includes president Ramlingam Sudhakar and member Ravindra Chaturvedi.It also stated that the approved 'Merger by Amalgamation' Scheme will be obligatory for the transferor and transferee companies along with their respective shareholders and creditors.The NCLT ruling stated that once this scheme takes effect, the transferor company (Suzuki Motor Gujarat) shall be dissolved automatically without the need for the winding-up process, once a certified copy of this tribunal's order is submitted to the Registrar of Companies. SUZUKI MOTOR GUJARAT MERGES WITH MARUTI SUZUKI INDIAIt also stated that the approved 'Merger by Amalgamation' Scheme will be obligatory for the transferor and transferee companies along with their respective shareholders and creditorsThe government-owned telecom firm Bharat Sanchar Nigam Limited (BSNL) plans to enhance all its 4G towers to 5G in the coming six to eight months, stated Union Minister for Telecommunications Jyoti-raditya Scindia.During the fourth edition of the Kautilya Economic Conclave, Scindia mentioned that the 92,500 BSNL 4G towers activated on September 27 were constructed using entirely indigenously developed hardware and software.
< Page 8 | Page 10 >