Home       Top Rated       Submit Article     Advanced Search     FAQ       Contact Us       Lawyers in India       Law Forum     RSS Feeds     

Register your Copyright Online

We offer copyright registration right from your desktop click here for details.

Latest Articles | Articles 2014 | Articles 2013 | Articles 2012 | Articles 2011 | Articles 2010 | Articles 2009 | Articles 2008 | Articles 2007 | Articles 2006 | Articles 2000-05

Search On:Laws in IndiaLawyers Search

Mutual Consent Divorce in Delhi
We provide fast, cost effective and Hassle free solution.
Contact us at Ph no: 9650499965 (Divorce Law Firm Delhi)

E-mail login                       Password
     

Free Email Sign Up

Main Categories
 Accident Law
 Arbitration
 Aviation Law
 Banking and Finance laws
 Case Laws
 Civil Laws
 Company Law
 Constitutional Law
 Consumer laws
 Contracts laws
 Criminal law
 Drug laws
 Dubai laws
 Educational laws
 Employment / Labour laws
 Environmental Law
 family law
 Gay laws and Third Gender
 Human Rights laws
 Immigration laws
 Insurance / Accident Claim
 Intellectual Property
 International Law
 Juvenile Laws
 Law - lawyers & legal Profession
 Legal Aid and Lok Adalat
 Legal outsourcing
 Media laws
 Medico legal
 Miscellaneous
 Real estate laws
 Right To Information
 Tax Laws
 Torts Law
 Woman Issues
 Workplace Equality & Non-Discrimination
 Yet Another Category

More Options
 Most read articles
 Most rated articles

Subscription
Subscribe now and receive free articles and updates instantly.

Name
Email



Copyright Registration

To Copyright Your Books, Videos, Songs, Scripts etc
Call us at: 9891244487 / or email at: admin@legalserviceindia.com
Top Law Colleges

Law Updates:

# Income-Tax
# Family law
# Company Law
# Constitutional Law
# Partnership firms
# Immigration Law
# Cyber Law
# Lok Adalat, legal Aid & PIL
# Forms
# Trademarks
# Woman issues
# Medico Legal
# Consumer laws
# Criminal laws
# Supreme Court Judgments


Published : May 11, 2016 | Author : alrowaad
Category : Dubai laws | Total Views : 173 | Unrated

  
alrowaad
Hassan Mohsen Elhais After qualifying as a lawyer in his native Egypt within the fields of Criminal and Public Law, Mr. Mohsen Elhais has been practicing in Dubai for the past seven years. Working exclusively with Al Rowaad Advocates, Hassan is an effective leader of the company, the spokesperson and driving force. Hassan has a strong ethical stance with regards to the place of the law firm and its work on behalf of the client, from clarity on the legal process through to the fee system. Specialising in the drafting of all statement of claim, memos and consultation with regards to all kind of litigations, Hassan has worked his way through the ranks of Al Rowaad Advocates from joining as Legal Advisor to his current role as Managing Partner.
 

The decision to amalgamate the companies should be made in accordance with the provisions adopted for the amendment of the Memorandum and Articles of Association of the company, and will only be valid subject to the approval of the Competent Authority specified in the Company Law for that type of company.

The merging of companies can be achieved either by:

An acquisition, which may be described as the transferring of assets and liabilities to an existing company

Merger through the dissolution of two or more companies and the incorporation of a new company to which assets and liabilities of the merging companies shall be transferred.

1. Amalgamation by acquisition

Firstly, a resolution must be issued to dissolve the company.

The net assets of the company being acquired must be evaluated. The acquiring company should make a resolution about increasing its capital in accordance with the evaluation made for the company being acquired. The increase in the capital should be distributed to the partners of the company being acquired in a manner proportionate to their shares in the company. After 2 years have expired from the incorporation of the acquiring company and when the shares have been represented in stocks, these shares may be considered negotiable immediately upon their issue.

2. Mergers

Each of the merging companies must adopt a resolution to dissolve itself; this will result in the incorporation of a new company. Stocks and shares in the capital of the new company are allocated proportionately to the merging companies. These shares are then distributed proportionately to the partners of the merging companies.

The decision to amalgamate will only be applicable 3 months from the date of registration in the Commercial Register. Company creditors may object to the amalgamation by means of registered letters addressed to the company. The formalities of amalgamation shall be stopped until the creditors withdraw their objection or a final award is made by the Court of Law.

On the other hand, the company could either settle the debts if they are due or present guarantees of the payment if they are deferred. If an objection is not made within the 3 month period the amalgamation would be considered final, and the new company will replace the amalgamating companies in all assets and liabilities.

Author: Experienced lawyer lawyer.me/">Hassan Elhais, along with his team of prominent lawyers across the UAE, has made a name for himself as a renowned specialist in the fields of civil law, construction law, banking law, criminal law, family law, inheritance law and arbitration.




1 2 3 4 5
Rate this article!     Poor
Excellent    

Most viewed articles in Dubai laws category
Road Traffic Injury & Accidents
Drugs and the Law in Dubai
Labour Law in the UAE
Marriage Dissolution: Compensation
Alcohol & Licensing in Dubai
Traffic Offences in Dubai
Banking Law - Personal Guarantee
Adoption in the Uniter Arab Emirates
Know your Labor Rights in the United Arab Emirates
Extradition Procedures of UAE
Possession and Using of Drugs in the United Arab Emirates
Banking Law - Corporate Guarantee
Parent Child Abduction in United Arab Emirates
Divorce Process Under United Arab Emirates Law
Inheritance Law - Rules of Succession in Dubai, United Arab Emirates
Business Law - UAE Freezones: Ras Al Khaimah
Most recent articles in Dubai laws category
Why Setup A Free zone Company in the UAE
Family Court Process
The Legal Dos and Donts of Property Purchase
Business Laws and Regulations in Dubai, UAE
Application of Home Country Inheritance Law
UAE Patent System
Heirs According to Shariah Principles of Succession
Extradition Article About Conditional Requirement
Introduction Article about Extradition
Responsibilities of the limited liability companys manager
Limiting Trademarks Infringements Part 3
Trademarks Ownership Part 2
Divorce in the United Arab Emirates
Validity of Pre and Post Nuptial Agreements
Criminal Law about Fraud
Child Protection Law UAE

Article Comments

there are no comments...

Post Your Comments
Name

Email

Your comments

Note : Your email address is only visible to admin, other members / users cannot see it.

You can use following FXCodes


BOLD : [b]
Italic : [i]

[b] Legal Services India [/b] is a [i]nice website[/i].
[url= http://www.legalservicesindia.com/article/ ]click here to visit.[/url]

Legal Services India is a nice website.
Click here to visit

 

Note : Currently, user comments are moderated and will be posted only after approval.



Welcome!
Please login or register a new free account.

Random Pick
Bob Nozick’s “famous Wilt Chamberlain argument” was an attempt to argue against the type of government system he described as “distributive justice.” The famous argument appears in Nozick’s first book, Anarchy, State and Utopia in 1974—the book which made the young professor a major star...

Statistics
» Total Articles
1380
» Total Authors
3994
» Total Views
15599710
» Total categories
40

Law Forum


Legal Articles

Lawyers in India- Click on a link below for legal Services

lawyers in Chennai
lawyers in Bangalore
lawyers in Hyderabad
lawyers in Cochin
lawyers in Pondicherry
lawyers in Guwahati
lawyers in Nashik

lawyers in Jaipur
lawyers in New Delhi
lawyers in Dimapur
lawyers in Agra
Noida lawyers
lawyers in Siliguri

For Mutual consent Divorce in Delhi

Ph no: 9650499965
For online Copyright Registration

Ph no: 9891244487
Law Articles

lawyers in Delhi
lawyers in Chandigarh
lawyers in Allahabad
lawyers in Lucknow
lawyers in Jodhpur
Faridabad lawyers

lawyers in Mumbai
lawyers in Pune
lawyers in Nagpur
lawyers in Ahmedabad
lawyers in Surat
Ghaziabad lawyers

lawyers in Kolkata
lawyers in Janjgir
lawyers in Rajkot
lawyers in Indore
lawyers in Ludhiana
Gurgaon lawyers

TOP

India's Most Trusted Online law library
Legal Services India is Copyrighted under the Registrar of Copyright Act ( Govt of India) © 2000-2016
 ISBN No: 978-81-928510-1-3