Feb 10
Stages of Corporate Restructuring Through NCLT Under the Companies Act
Corporate restructuring through NCLT follows a structured legal process. It begins with planning and drafting of the scheme, followed by First Motion Application NCLT 1, shareholders meetings, Second Motion Application NCLT 2, NCLT Order, and post sanction compliance. Each stage requires careful documentation, valuation, and statutory approvals to ensure legal validity and regulatory compliance under Indian company law.