GOVERNMENT ANNOUNCES MERGER OF SPONGE IRON INDIA LIMITED AND NATIONAL MINERAL DEVELOPMENT CORPORATION LIMITED

Search News

The Government has announced merger of two Andhra Pradesh based public sector companies Sponge Iron India Limited (SIIL) and National Mineral Development Corporation Limited (NMDC).

In a written reply in the Lok Sabha, Corporate Affairs Minister Salman Khurshid said petitions had been filed for the amalgamation by the SIIL and the NMDC before the Ministry of Corporate Affairs in the Central Government under section 391-394 of the Companies Act, 1956.

The Ministry of Corporate Affairs by virtue of notification considered the said scheme under sections 391-394 of the Companies Act, 1956.

The order in respect of proposed Scheme of Amalgamation had been issued on January 18, 2010.

Find Lawyer / Law Firm

Importance of Immigration Lawyers

As Indians we know India in itself is an amazing nation and even the world agrees with that, however, grass is always greener on the other side and that is why Indians desire to immigrate a More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More