1 / 9

Case -Study On Merger of a foreign Branch/ Representative office

Case -Study On Merger of a foreign Branch/ Representative office. -By Prophin Raj. Case Study- Mergers. Context Definition Ministries involved Documents Required Process and Procedures. Case Study- Mergers. Definition of 'Merger'

caspar
Download Presentation

Case -Study On Merger of a foreign Branch/ Representative office

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Case -Study On Merger of a foreign Branch/ Representative office -By Prophin Raj

  2. Case Study- Mergers • Context • Definition • Ministries involved • Documents Required • Process and Procedures

  3. Case Study- Mergers • Definition of 'Merger' • “A merger or acquisition is a combination of two companies where one corporation is completely absorbed by another corporation.” • Source: http://legal-dictionary.thefreedictionary.com/Corporate+merger

  4. Case Study- Mergers • Ministries Involved: • Department of Economic Development (DED) • Ministry of Economy • Ministry of Foreign Affairs • Dubai Courts

  5. Case Study- Mergers • Documents Required : (ParentCompany) •  1. Company registration  ( Incorporation ) certificate for New parent company (Legally Translated in Arabic and Attested) • 2. Passport copy of Partners ( No need for attestation) • 3. Board of Directors Resolution (Legally Translated in Arabic and Attested) • 4. True copy of company’s memorandum / articles of association of parent company (Legally Translated in Arabic and Attested) • 5. Board Resolution for appointing a Director / Representative for the UAE Branch with all powers to sign and act on behalf of the parent company (Legally Translated in Arabic and Attested)

  6. Case Study- Mergers • 7. Auditors Report – At least for last 2 years • 8. Power of Attorney to the Representative / Director • 9. Merger Documents / Share Sale Documents of the Parent company • 10. Good Standing Certificate • Documents Required: (Foreign Branch/ Representative office) • National Service Agent Agreement of the Representative office in Dubai • Ministry of Economy Certificate (valid) • Dubai Branch/ Representative office License copy (valid)

  7. Case Study- Mergers • Process: • Stage 1: • Initial approval from DED • Initial approval from Ministry of Economy (MOE) • Stage 2: • Trade Name Reservation • Notarisation of National Service Agent Agreement • Stage 3: • Advertise in the News Paper for 15 days

  8. Case Study- Mergers • Stage 4: • Issuance of New Ministry of Economy Registration certificate • Issuance of New Licence from DED • Stage 5: • Making Amendments in respective authorities

  9. Thank you

More Related