law: Companies Act, 2013 
  234.
  
    Merger
  
  or amalgamation of company with foreign company.
  1.      The provisions of
  
  this Chapter unless otherwise provided under any other law for the time being
  
  in force, shall apply mutatis mutandis to schemes of mergers and
  
  amalgamations between companies registered under this Act and companies
  
  incorporated in the jurisdictions of such countries as may be notified from
  
  time to time by the Central Government:
  Provided
  
  that the Central Government may make rules, in consultation with the Reserve
  
  Bank of India, in connection with mergers and amalgamations provided under this
  
  section.
  2.      Subject to the
  
  provisions of any other law for the time being in force, a foreign company, may
  
  with the prior approval of the Reserve Bank of India, merge into a company
  
  registered under this Act or vice versa and the terms and conditions of
  
  the scheme of merger may provide, among other things, for the payment of
  
  consideration to the shareholders of the merging company in cash, or in
  
  Depository Receipts, or partly in cash and partly in Depository Receipts, as
  
  the case may be, as per the scheme to be drawn up for the purpose.
  Explanation.— For the purposes of
  
  sub-section (2 ), the expression “foreign company” means any company or
  
  body corporate incorporated outside India whether having a place of business in
  
  India or not.