Power to compromise or make arrangements with creditors and members. — THE COMPANIES ACT, 2013

230. Power to compromise or make arrangements with creditors and members. Power to Tribunal to enforce compromise or arrangement. Merger and amalgamation of companies. Merger or amalgamation of certain companies. Merger or amalgamation of company with foreign company. CHAPTER XIII APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL SECTIONS Power to acquire shares of shareholders dissenting from scheme or contract approved by majority. Purchase of minority shareholding. Power of Central Government to provide for amalgamation of companies in public interest. Registration of offer of schemes involving transfer of shares. Preservation of books and papers of amalgamated companies. Liability of officers in respect of offences committed prior to merger, amalgamation, etc. CHAPTER XVI PREVENTION OF OPPRESSION AND MISMANAGEMENT Application to Tribunal for relief in cases of oppression, etc. Powers of Tribunal. Consequence of termination or modification of certain agreements. Right to apply under section 241. Class action. Application of certain provisions to proceedings under section 241 or section 245. CHAPTER XVII REGISTERED VALUERS CHAPTER XVIII REMOVAL OF NAMES OF COMPANIES FROM THE REGISTER OF COMPANIES Power of Registrar to remove name of company from register of companies. Restrictions on making application under section 248 in certain situations. Effect of company notified as dissolved. Fraudulent application for removal of name. Appeal to Tribunal. CHAPTER XIX REVIVAL AND REHABILITATION OF SICK COMPANIES

Section 230