B.  Corporate Laws and Mergers & Acquisitions:

          Corporate law is set forth in the Companies Act, 1956, and the sale of securities is governed by The Securities Contracts (Regulation) Act, 1956 and The Depositories Act, 1996.

          Acquisitions of companies where the shares are held by the general public, is governed by the Substantial Acquisition of Shares and Takeovers (SEBI) Regulations, 1997.

          Mergers of companies require the approval of the High Court (which function will be shifted to a new body that is being formed National Company Law Tribunal).