In 2023, Roto-Die Company, Inc. (Roto-Die), a leading provider of precision rotary tooling solutions, undertook the amalgamation of its two Indian subsidiaries, RotoMetrics India Private Limited (RotoMetrics) and Electro Optic (Asia) Private Limited (Electro Optic). This corporate restructuring aimed to streamline operations, optimize resource utilization, and create a more efficient organizational structure. Majmudar & Partners played a key advisory role in guiding Roto-Die through the legal and regulatory aspects of this restructuring.
Facilitating the Transaction
Majmudar & Partners provided comprehensive legal support, ensuring a smooth restructuring process for Roto-Die and its subsidiaries. The firm’s contributions included:
- Due Diligence: Conducted thorough due diligence on both Indian subsidiaries to identify potential legal and regulatory issues in advance, ensuring a seamless amalgamation process.
- Regulatory Compliance: Advised on compliance with the Companies Act, 2013 and other relevant Indian laws governing corporate restructuring, ensuring alignment with legal requirements.
- Tax Structuring: Provided guidance on structuring the amalgamation to achieve optimal tax outcomes, accounting for income tax implications and other applicable levies.
- Document Preparation and Review: Drafted and reviewed necessary documentation, including the merger scheme, board resolutions, and shareholder agreement, to align with regulatory standards, establish corporate governance norms and ensure clarity in the amalgamation process.
- Post-Merger Advisory: Offered insights on the post-amalgamation compliance requirements and operational integration to facilitate a successful restructuring.
The amalgamation of RotoMetrics and Electro exemplifies Roto-Die’s commitment to operational efficiency and resource-efficient processes. Majmudar & Partners played a vital role in navigating the legal intricacies of the restructuring, ensuring that Roto-Die met applicable regulatory requirements and positioned itself for continued growth in India.
With a proven track record in corporate restructuring and mergers, Majmudar & Partners is well equipped to assist companies in navigating complex legal frameworks for optimal business outcomes. Contact us today to learn more about how our legal expertise can support your corporate restructuring needs in India.