Under the scheme of the Companies Act 1994, sections 228 and 229 require a scheme of amalgamation, be it for merger or acquisition, to get approved by the High Court Division (HCD or Court).
In ordinary parlance, parallel importation is understood as a mechanism of selling a non-counterfeit and branded product imported from another country in the local market without permission of the trademark owner.
Under the scheme of the Companies Act 1994, sections 228 and 229 require a scheme of amalgamation, be it for merger or acquisition, to get approved by the High Court Division (HCD or Court).
In ordinary parlance, parallel importation is understood as a mechanism of selling a non-counterfeit and branded product imported from another country in the local market without permission of the trademark owner.
