Zee vs. Sony – The Unfulfilled Zeal
The merger deal between Zee Entertainment Enterprises Limited (Zee) and Culver Max Entertainment Private Limited (Sony) was all over the news in early 2024. The said deal promised a synergy of content production, distribution, and broadcasting capabilities with a vision to create the largest television broadcaster in India, thereby attracting limelight due to its potential […]
Stamp Duty Implication on Merger of Wholly-owned Subsidiary With Parent Company
INTRODUCTION Navigating corporate restructurings in India involves intricate legal hurdles, particularly concerning the stamp duty levied on court-approved mergers. The lack of clarity primarily arises from varying state-specific stamp duty regulations and older notifications (some pre-dating independence) that either limit the payable stamp duty or grant exemptions for particular transaction types. In this context, it […]