Roles and Responsibilities of Independent Directors-Satyam Case Study

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Roles and responsibilities of independent directors- Satyam case

study

A Research Proposal submitted in the partial fulfilment of the course


CORPORATE LAW I, for obtaining the degree B.B.A LL.B (HONS.)
during the Academic Year 2020-2021

SUBMITTED BY:
SAHIL SUMAN
Roll No. - 1849
B.B.A LL.B

SUBMITTED TO:
Ms. NANDITA S. JHA
FACULTY OF CORPORATE LAW I

SEPTEMBER, 2020

CHANAKYA NATIONAL LAW UNIVERSITY, NAYAYA NAGAR,


MITHAPUR, PATNA-800001
INTRODUCTION

Mergers and acquisitions (or combinations) refer to a situation where the ownership of two or
more enterprises is joined together. A merger is said to occur when two or more companies
combine to form a new company. In this, two or more companies may merge with an existing
company or they may merge to form a new company. The assets and liabilities of the
transferor company become the assets and liabilities of the transferee company after the
merger. The purpose of a merger is usually to create a bigger entity, which accelerates growth
and leads to economies of scale. However, a merger may lead to unwanted socio- economic
implications that are often frowned upon.1 Mergers and acquisitions (abbreviated M&A) are
both aspects of corporate strategy, corporate finance and management dealing with the
buying, selling, dividing and combining of different companies and similar entities that can
help an enterprise grow rapidly in its sector or location of origin, or a new field or new
location, without creating a subsidiary, other child entity or using a joint venture. Mergers
and acquisitions activity can be defined as a type of restructuring in that they result in some
entity reorganization with the aim to provide growth or positive value.

Mergers & Acquisitions mean any situation in which the ownership of two or more
enterprises is joined together. In business world, joining of ownership may take many
different forms, and may be either amicable and consensual, or unwelcome and hostile. In
India, Mergers are regulated under the Companies Act and also under the SEBI Act. With the
enactment of the Competition Act in 2002, mergers also come within the ambit of this
legislation. For the purposes of this paper, the discussion with regard to Mergers and
Acquisitions would be restricted to only Competition Act, 2002

OBJECTIVES OF THE STUDY

The Aims and Objectives of this project are:


1. To study the significance of Mergers and acquisitions.
2. To study the various aspects of mergers and acquisitions.
.

1
http://www.legalindia.com/effect-of-compitition-law-on-mergers-and-acquisition/ last accessed: 03/03/2020.
HYPOTHESIS

The Researcher has considered the following hypothesis:


1. Along with globalization, merger and acquisition has become not only a method of
external corporate growth, but also a strategic choice of the firm enabling further
strengthening of core competence.

RESEARCH METHODOLOGY

The researcher will be focussing on doctrinal methodology of research only.

SOURCES OF DATA

The researcher will rely upon both primary and secondary sources of data. The primary
sources include cases and bare acts while the secondary sources include books and internet.

TENTATIVE CHAPTERISATION

1. Introduction
2. Aspect of combination
3. Threshold of combination
4. Conclusion and Suggestions
5. Bibliography

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