Session 3: Legal Aspects of M&A
• Brief Introduction and the current M&A climate
• Provisions for M&A under the New Companies Act
• SEBI’s New Takeover Code
• Insider Trading – Practical Issues
• Competition Act 2002
• SEBI (Delisting of Equity Shares) Regulations, 2009
• Key consideration in M&A Deal Documentation
- Court scheme under section 391
- De-Merger
- Asset sale / Slum Sale
- Share Purchase Agreements (Representations and warranties, Indemnity, Limitation of Liability, Earn outs)
- Arbitration
- Governing Laws
- Jurisdiction
Session 4: Valuation of Companies
• Financial Analysis of Company
• Applicability of various Valuation Methodologies
• Key factors to be considered for valuation for restructuring/ merger
Session 5: Tax Aspects of Amalgamations & Demergers
- Implications in terms of Capital gains Tax
- Certain Vexatious Tax Issues Relating to M&A
Session 6: Accounting Aspects of M&A
• Accounting for Amalgamations & Demergers
• Accounting for Amalgamations
- Accounting Standards 14
- Overview of IFRS
- Comparison between IFRS and Indian GAAP