• Handling of all legal procedures & formalities (including advisory) in respect of Mergers, Amalgamations, Acquisitions, Demergers, Reconstruction, Restructuring etc., drafting of Schemes of Amalgamation / Arrangement, handling court process and departmental approvals for Mergers / Acquisitions, handling public offer for Acquisition / Takeover, share purchase transactions / deals, takeover of listed / unlisted companies pursuant to the provisions of the Companies Act, 2013,
• Advising of pre-merger compromise proposals, determination of exchange ratio, capital issue.
• Insolvency Resolution Professionals.
• Winding up and closure of the business.
• Planning and advising on mergers, Demergers, Takeovers, and acquisitions.
• Legal Advisory (Drafting of Commercial Agreements, Joint venture Agreements, Drafting and Vetting of MOA & AOA.).
• Financial Re-engineering & business valuation.

TYPES OF CORPORATE RESTRUCTURING

1. Merger / Amalgamation (including Fast Track Merger): Laws in India use the term 'amalgamation' for the merger. In general terms, the merger is a combination of two or more companies into one, usually by offering the stockholders of one company securities acquiring the company in exchange for the surrender of their stocks. Amalgamation is the merger of one or more business with another to form a new company. SRA understands the needs, analysis the compliances in an effective manner to provide comprehensive advisory to resolve complex matters involved in the company.

2. Merger through Consolidation: A consolidation merger is a combination of two or more companies forming into a 'new company'. Here all companies are officially dissolved and altogether a different entity is created whereby the acquired company handovers its shares, assets, and liabilities to the obtaining company.

3. Merger through Absorption: An absorption merger is a combination of two or more companies into an already 'existing company'.

4. Demerger: Demerger is a method of corporate restructuring whereby an entity's business operations are divided into one or more components. Demerger can be of three forms such as split-up, spin-off, split-off.

5. Acquisitions and Takeovers: It is defined as an act of acquiring effective control by one company over management or assets of another company. Thus, in an acquisition two or more companies may stay separate, independent legal entities, however, change in control of the companies can be there. When an acquisition is 'unwilling' or 'forced', it is termed as a takeover.

6. Joint Venture: It is business preparation where more than two organizations share the ownership, governance, expense, return of investments, profit, etc. Joint Venture also refers to an arrangement where companies contribute to the equity capital of a new company in pre-decided proportion.

7. Divestiture: In short, divestiture refers to the sale of assets, however not in a fragmentary manner. Divestiture is used to organize resources for core business by comprehending the value of non-core business assets.

8. Buyback of Securities: When a business is holding surplus cash that is not necessitated in the medium term; it is judicious for the organization to return this extra cash to its shareholders. Buy-back of securities is one of the approaches used to return the extra cash to its shareholders.

9. Reduction of Capital: It is a process whereby a company is allowed to reduce liability or extinguish on any of its shares if the share capital is allowed to cancel or not paid up.

ADVANTAGES OF BUSINESS RESTRUCTURING

1. Strategic Benefit

2. Managerial Effectiveness

3. Utilization of excess capacities

4. Enhance shareholders confidence in the company

5. Complimentary Resources

6. Economies of Scope

7. Utilization of Surplus Funds

8. Economies of Scale

9. Economies of Vertical Integration

10. Tax Shields

11. Reduce the cost of operations

12. Make the company more competitive to excel in the market

13. Reduction of the interest burden