This document outlines various issues involved in business restructuring, including financial, accounting, human resources, operational, technical, intellectual, and legal issues. It discusses topics within each of these categories such as methods of valuation, integrating operational forces, technology integration, conducting due diligence, and complying with relevant regulations and laws. The document also identifies the key regulatory bodies and laws governing mergers in India as well as the role of the company secretary in handling legal issues that arise during the restructuring process.

1. Dr Raju Indukoori
ISSUES IN BUSINESS
RESTRUCTURING

2. 1) Financial
2) Accounting
3) Human Resources
4) Operational
5) Technical
6) Intellectual
7) Legal
ISSUES IN BUSINESS RESTRUCTURING
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3. A. Convertibles
B. Poison Pills
C. Debt Servicing
D. ESOPs
E. Funding
F. Tax
G. Accumulated NOL
1) FINANCIAL ISSUES
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4. A. Methods
B. Valuation
2) ACCOUNTING ISSUES
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5. A. People Pill
B. Parachutes or Handshakes
C. Directors Terms
3) HUMAN RESOURCES ISSUES
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6. A. Coordination of acquiring and target
company operational forces.
B. Logistics Integration
C. Product standardization
D. Infrastructure structure sharing
E. Delegation of power and control
4) OPERATIONAL ISSUES
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7. A. Technology differences
B. Integration of technology
C. Automation
D. Computerization
E. Machinery replacement
F. Software platforms
5) TECHNICAL ISSUES
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8. A. Due Diligence
B. Compliance with SEBI Take Over Regulations and Company
Law.
C. Contractual Issues
D. Intellectual Assets
E. Foreign Exchange Transactions
F. Tax Implications.
6) LEGAL ISSUES IN M&A
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9. A. The Companies Act, 1956
B. The Indian Income Tax (ITA) Act, 1961
C. Monopolies and Restrictive Trade Practices (MRTP) Act,
1969
D. Foreign Exchange Management (FEMA) Act, 1999
E. Securities Exchange Board of India (SEBI) Take Over
Code, 1994
F. The Competition Act 2002
G. Companies Bill, 2012: Fast Track Merger & Certificate
H. Permissions from the State High Courts
I. Intellectual Property Law
MERGER REGULATING LAWS AND BODIES
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10. A. SEBI:
B. State High Court: Permissions from the State High
Courts
C. State Government : Stamp Duty
D. Ministry of Corporate Affairs (MCA)
MERGER REGULATING LAWS AND BODIES
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11. Company Secretary
A. Conceptualizing restructuring process
B. Identifying the implications of regulatory bodies, acts
C. Preparing the platform for the restructuring
D. Obtaining the permissions legal bodies
E. Responding and replying to queries of Regulatory
Authorities
F. Timely follow up with the same.
G. Post merger Compliances and certificate
9) WHO TAKES CARE OF LEGAL ISSUES?
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