Company Law
PROPOSAL TO EXEMPT SPACS (SPECIAL PURPOSE ACQUISITION COMPANIES) FROM ‘SHELL COMPANY’ TAG
Facebook LinkedIn Twitter The corporate affairs ministry has proposed to exempt Special Purpose Acquisition Companies (SPACs) from the ‘shell company’ provisions. In its ‘Company Law Committee Report 2022’, the ministry proposed to give legal status to SPAC entities and exempt them from the requirement applicable to companies regarding business operations. Read more…