COMPLIANCE MANAGEMENT AND DUE DILIGENCE

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III. Checklist in Respect of Issue of Indian Depository Receipts ... 175
(a) Checklist under Companies (Issue of Indian Depository Receipts) Rules, 2004 ... 175
Rights Issue of Indian Depository Receipts-Salient Features ... 180
IV. Penal Provisions Relating to IDRs under Various Legislations ... 187
LESSON ROUND UP ... 189
SELF TEST QUESTIONS ... 190
Lesson 7
DUE DILIGENCE –MERGERS AND AMALGAMATIONS
Learning Objectives ... 191
Introduction ... 192
Due Diligence Process in the M&A Strategy ... 192
Activity Schedule for Planning A Merger ... 193
Preparation of Scheme of Amalgamation ... 196
Impact of Due Diligence on Valuation ... 199
Data Room Management in Strategic Decisions ... 199
HR and Cultural Due Diligence in Business Transactions ... 199
Cultural Due Diligence ... 203
Scope of Cultural Due Diligence ... 203
Corporate Governance Due Diligence ... 204
Factors Influencing Quality of Corporate Governance ... 204
Aspects to be Analysed During CG Due Diligence. ... 205
Takeovers Due diligence ... 208
Takeover Process Under SEBI (SAST) Regulation 2011 – An Overview ... 208
Checklists on Takeovers ... 209
Public Announcement (PA) ... 212
Contents of Public announcement (Regulation 15) ... 214
Filing Draft Letter of Offer ... 215
Offer Price ... 215
Payment of Consideration (Regulation 21) ... 216
Directors of the Target Company (Regulation 24) ... 217
Obligation of target company ... 217
Consequences of Violation of obligations SEBI (SAST) Regulations, 2011 ... 219
LESSON ROUND UP ... 220
SELF TEST QUESTIONS ... 220
Lesson 8
COMPETITION LAW DUE DILIGENCE
Learning Objectives ... 221
I. Introduction ... 222
Need for compliance of Competition Law ... 222
Why Comply? ... 222
Competition Act, 2002 – A Bird’s Eye View ... 223