Takeover of company means the takeover of number of individual assets whose totality will represent the value of the undertaking as such. While taking over the company there are lots of points which need to cover under takeover agreement like inventory of goods, rights in intangible assets, shareholdings etc.
FEATURES OF TAKEOVER AGREEMENT:
- Valid Proof : Takeover agreement is a valid proof in future if there will be any issue regarding the takeover court will check Takeover Agreement first and the terms and conditions of Takeover Agreement.
- Capital Gain Tax : In case of Capital gain tax if any while takeover the business then takeover agreement also Gives clarification about who will pay the capital gain tax.